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230 Crescent Ave, Revere MA 02151

$919,000

Estimated $2,090.90/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $459,500

Total Rent: 60600/year

Estimated CAP Rate: 5.81%

5 Bedrooms

2 Full Baths

2,154 SqFt

Total Parking: 6

4,880 SqFt

Attention investors! This well maintained property features 2 units, a spacious fenced-in yard, durable vinyl siding, and 6 off-street parking spaces. Recent upgrades make this property even more appealing. Unit 1 was completely remodeled in the first year of ownership, including an added bedroom, upgraded bathroom and kitchen, and fresh paint throughout. Unit 2 offers two levels of living space, refreshed with new paint and removal of popcorn ceilings. The unit boasts a heated sunroom / flex space. Both water heaters replaced in 2023. To be delivered with the tenants in place but new owner to renegotiate the leases. This versatile and well-located property is a great investment or 1031 exchange! Just a short distance from Beachmont Train Station and with a bus stop right at your doorstep, this property is a commuter’s dream. Enjoy quick access to Boston, major highways, Shore Beach, shopping areas and the vibrant Encore casino.

This home has been viewed 52 times

Last Checked: February 20th, 2025 at 5:19am (Source: MLS PIN #73306962)

Gross Income: $60,600

Gross Expenses: $7,209

Net Income Calc: $53,391

CAP Rate: 5.81%

Beach Front

Annual Expenses for 230 Crescent Ave, Revere MA 02151

Total Gross Expenses (Calculated)$7,209/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,209

Annual Income & Unit Breakdown for 230 Crescent Ave, Revere MA 02151

Total Gross Income (Calculated)$60,600

Unit 1

Rental Income$2,200

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water)

Unit 2

Rental Income$2,850

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water)

General Information for 230 Crescent Ave, Revere MA 02151

Listing ID73306962

Property TypeMulti Family / 2 Family

Price$919,000 ($426.65/SqFt)

Style2 Family - 2 Units Up/down

CityRevere

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total2,154 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsStone

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor SpaceDeck - Composite

ZoningRB

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 1/2 To 1 Mile To Beach

Energy FeaturesStorm Window(s)

Terms

Disclosures for 230 Crescent Ave, 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$60,600

Total Net Income By Broker$60,600

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 230 Crescent Ave, Revere MA 02151

Real Estate Taxes$7,209

Tax Year2024

Assessed Value$791,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$60,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$60,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.81%

Location Information for 230 Crescent Ave, Revere MA 02151

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, T-station, Marina

Contact Information for 230 Crescent Ave, Revere MA 02151

Agent

Name: Cheri Meckley

Office

Name: Steve Bremis Realty Group

Phone: 617-828-1070

Payment Calculator

, Interest

Property Taxes 600.75

Principal & Interest 5662.59

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Steve Bremis Realty Group

Cheri Meckley

Agent Phone

Office Phone

(617) 828-1070

Text Agent Call Agent Call Office

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                    [url] => https://media.mlspin.com/photo.aspx?mls=73306962&w=1024&h=768&n=19
                    [index] => 19
                    [enabled] => 1
                    [created] => 2025-02-20 05:19:09
                    [modified] => 2025-02-20 05:19:09
                )

[19] => Array
                (
                    [id] => 72659506
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73306962&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2025-02-20 05:19:09
                    [modified] => 2025-02-20 05:19:09
                )

[20] => Array
                (
                    [id] => 72659507
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73306962&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2025-02-20 05:19:09
                    [modified] => 2025-02-20 05:19:09
                )

[21] => Array
                (
                    [id] => 72659508
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73306962&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2025-02-20 05:19:09
                    [modified] => 2025-02-20 05:19:09
                )

[22] => Array
                (
                    [id] => 72659509
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73306962&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2025-02-20 05:19:09
                    [modified] => 2025-02-20 05:19:09
                )

[23] => Array
                (
                    [id] => 72659510
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73306962&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2025-02-20 05:19:09
                    [modified] => 2025-02-20 05:19:09
                )

[24] => Array
                (
                    [id] => 72659511
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73306962&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2025-02-20 05:19:09
                    [modified] => 2025-02-20 05:19:09
                )

)

)

EXIT