Luxury Real Estate Group Boston > Revere > 581 & 233 Proctor & Washington Ave

LRG Boston

(617) 233-5800

355 Boylston St

Boston, Ma 02116

581 & 233 Proctor & Washington Ave

Revere, MA

Property Description

Solid brick 4-unit mixed-use investment at 581 Proctor Ave & 233 Washington St featuring 3 residential units and a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units include two 4-room/2-bedroom/1-bath apartments and one 6-room/3-bedroom unit with office or den. Common laundry room. Property currently operating at a strong 9% cap rate. All tenants are Section 8 with reliable income stream. All Delead Certificates in hand. Excellent cash flow, durable construction, and exceptional tenant stability make this a true investor opportunity. Dance studio leased till 2029. .

offered at

$1,489,000

  • Status: New
  • Listing ID: 73481847
  • Bedrooms: 7
  • Full Baths: 4
  • Half Baths: 2
  • Living Area: 6,457 sqft Convert
  • Lot Size: 3,615 sqft Convert
  • Acres: 0.08

Additional Details

Type: Multi-Family, 4 Family

Zip Code: 02151

Levels: 4

Rooms and Dimensions

Total Units: 4

Total Floors: 4

Total Rooms: 16

Contact: LRG Boston at (617) 233-5800

LRGBOSTON.COM

355 Boylston St. Boston, MA 02116

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