658 Revere Beach Blvd, Revere, MA 02151
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$2,250,000
3 Unit
5 Beds
6 Baths
5280 SQFT
0.17 Acre

Property Description

Discover this exceptional oceanfront property featuring a double lot and a versatile 3+ family unit, complete with off street parking for 8-10 vehicles - a fantastic opportunity as we step into the New Year! Whether you envision a primary residence with rental income, a multi-generational living space or a lucrative investment, this is a must see. The main residence boasts 3 levels of open concept living bathed in natural light offering breathtaking ocean views - perfect for witnessing stunning sunrises each morning. Enjoy the warmth of hardwood floors throughout, complimented by the tiled kitchen and baths. A fireplace on each floor, insulated windows and doors, makes this move-in ready. The two one-bed units are occupied with flexible schedule. Zoned for 4-8 family there is the potential for a fourth unit on the lower level. The included back lot provides ample space for storage or storing a large boat. This property offers convenience, relaxation and income for work-life balance.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 5
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Total Fireplaces: 3
  • Amenities: Conservation Area, Highway Access, House of Worship, Laundromat, Marina, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Concrete Floor, Full, Interior Access, Partially Finished, Walk Out
  • Common Rooms: Dining Room, Family Room, Kitchen, Living RM/Dining RM Combo, Living Room, Office/Den
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Ceiling Fans, Programmable Thermostat, Slider, Stone/Granite/Solid Counters, Tile Floor, Upgraded Cabinets, Upgraded Countertops
  • Common Appliances: Dishwasher, Disposal, Dryer Hookup, Range, Refrigerator, Wall Oven, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 103200
  • Gross Expenses: 12336
  • Electric Expenses: 102
  • Water/Sewer: 4327
  • INSC: 2778
  • Net Operating Income: 83993

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat, Storm Doors
  • Utility Connections: for Electric Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: MWRA

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 3 Family
  • Construction Type: Aluminum, Brick, Frame, Stone/Concrete
  • Foundation Info: Concrete Block
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Vinyl, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73319650
  • Last Updated: 12/17/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/17/2024Active$2,250,000$426MLSPIN
12/13/2024New$2,250,000$426MLSPIN

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Seller's Representative: The Lucci Witte Team, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-17 03:05:00