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Closed

1535 N Shore Rd, Revere MA 02151

$989,000

Estimated $2,288.74/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $329,666.67

Total Rent: 93456/year

Estimated CAP Rate: 8.62%

6 Bedrooms

4 Full Baths

3,448 SqFt

Total Parking: 0

2,662 SqFt

Great opportunity for investors in this money making 3 family just 2 blocks away from the beach or also an owner occupied with 2 other rental income. New windows have just been installed in the entire building along with a brand new wrap around porch on the second level. 1st floor unit has 4 bedrooms, one of them being smaller that could also be used as an office. Updated kitchen and bath. All hardwood floors & tiles. 2nd floor has brand new kitchen & bath, 3 bedrooms and their own private balcony. 3rd fl has 2 bedrooms and 2 full baths, kitchen and living room with beautiful water views of the beach. There is a spacious basement with coin operated washer & dryers with plenty of storage. Easy access to Rte 1, airport, Boston, Wonderland Subway Station, lots of shopping and fantastic restaurants and of course historic Revere Beach.

This home has been viewed 23 times

Last Checked: May 7th, 2024 at 4:50am (Source: MLS PIN #73091692)

Gross Income: $93,456

Gross Expenses: $8,221

Net Income Calc: $85,235

CAP Rate: 8.62%

Water Views

Beach Front

Annual Expenses for 1535 N Shore Rd, Revere MA 02151

Total Gross Expenses (Calculated)$8,221/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,221

Annual Income & Unit Breakdown for 1535 N Shore Rd, Revere MA 02151

Total Gross Income (Calculated)$93,456

Unit 1

Rental Income$2,688

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$2,900

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$2,200

LeaseN

Bedrooms2

Bathrooms2 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 1535 N Shore Rd, Revere MA 02151

Listing ID73091692

Property TypeMulti Family / 3 Family

Price$989,000 ($286.83/SqFt)

Style3 Family

CityRevere

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total3,448 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking0

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Walk To, Beach Front, Beach Ownership(public)

Energy Features

Terms

Disclosures for 1535 N Shore Rd, Revere MA 02151

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$93,456

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 1535 N Shore Rd, Revere MA 02151

Real Estate Taxes$8,221

Tax Year2023

Assessed Value$864,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$93,456

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.62%

Location Information for 1535 N Shore Rd, Revere MA 02151

Elementary SchoolGarfield

Middle SchoolRumney Marsh

High SchoolRevere High

Neighborhood(s)

MLS Area

Area AmenitiesShopping, Medical Facility, Laundromat, Public Transportation, Sidewalks

Contact Information for 1535 N Shore Rd, Revere MA 02151

Agent

Name: Barbara Aceto

Office

Name: Fudge Properties

Phone: 978-658-7300

Payment Calculator

, Interest

Property Taxes 685.08

Principal & Interest 6093.9

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Fudge Properties

Barbara Aceto

Agent Phone

Office Phone

(978) 658-7300

Text Agent Call Agent Call Office

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EXIT

Closed

1535 N Shore Rd, Revere MA 02151

$989,000

Annual Expenses for 1535 N Shore Rd, Revere MA 02151

Annual Income & Unit Breakdown for 1535 N Shore Rd, Revere MA 02151

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Financial Information for 1535 N Shore Rd, Revere MA 02151

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Contact Information for 1535 N Shore Rd, Revere MA 02151

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Barbara Aceto