419 Lee Burbank Hwy, Revere $1,100,000

Sale Type: For Sale Lot Size: 11,456 Ref #: 73532650

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Category: Land

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$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 3-5% annually given limited new supply.

Details

Lot Size
11,456
Listing provided courtesy of Frank Pasciuto, Pasciuto and Associates