$1,100,000
Active419 Lee Burbank Hwy
Revere, MA, 02151
Land · MLS #73486315
Days on market
New today
Lot size
0.26 ac
0.26 acres
Lot
About this home
$55,000 per unit great price. 20 Market-Rate Apartments Investment OpportunitySold with all approvals, architectural plans in placeProperty Highlights-Location: 419 Lee Burbank Highway, Revere, MA-Units: All market-rent apartments No 40B, no affordable restrictions-Transit Access: Minutes to Logan International Airport via MBTA Blue Line-Visibility: Prime location with easy highway access (Route 1A, Route 60, I-90)-Surroundings: Close to Revere Beach, shopping, restaurants, and Boston employment hubsRental Market Overview (Revere / East Boston Corridor)Unit TypeRent Range (Monthly)Studios / 1-Bed Two Thousand Eight Hundred +/- range for Investment Advantages -No affordability restrictions all units capture full market rents-Commuter convenience 10 minutes to Logan, 15 minutes to Downtown Boston-Transit-oriented growth Revere is seeing strong demand as housing near Boston tightens-Upside potential rents expected to rise 35% annually given limited new supply.
Property details
- Road type
- Public, Paved
- Electric
- 220 Volts
Listed by Frank Pasciuto · Pasciuto and Associates
Schedule a showing
419 Lee Burbank Hwy
Estimated payment
$7,121 / month
Loan term
- Principal & interest
- $5,562
- Property tax
- $1,100
- Home insurance
- $458
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).