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Broadway Apartments 624 Broadway 4 Unit Apartment Building $1,370,000 ($342,500/Unit) 7.03% Cap Rate Revere, MA 02151
INVESTMENT HIGHLIGHTS
- 4 Unit Multifamily Property
- Off-Street Parking
- 1, 2 and 4 Bedroom Layouts
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present the Broadway Apartments located on 624 Broadway in Revere, MA.
Five miles north of Downtown Boston and close to Boston Logan International Airport. This 3,495 sq ft 4-unit multifamily built in 1920 consists of (2) One Bedroom (1) Two Bedroom and (1) Four Bedroom floorplans. Tenants enjoy off street parking, on-site coin operate laundry and proximity to all that Broadway has to offer. This offering is ideal for an owner-use or for an investor looking to step into a in-place cap rate of 7%.
All interested and qualified parties will be able to tour the building during scheduled appointments and obtain more information upon request.
Five miles north of Downtown Boston and close to Boston Logan International Airport. This 3,495 sq ft 4-unit multifamily built in 1920 consists of (2) One Bedroom (1) Two Bedroom and (1) Four Bedroom floorplans. Tenants enjoy off street parking, on-site coin operate laundry and proximity to all that Broadway has to offer. This offering is ideal for an owner-use or for an investor looking to step into a in-place cap rate of 7%.
All interested and qualified parties will be able to tour the building during scheduled appointments and obtain more information upon request.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,370,000 | Apartment Style | Low-Rise |
| Price Per Unit | $342,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.03% | Building Size | 3,495 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Zoning | GB | ||
| Price | $1,370,000 |
| Price Per Unit | $342,500 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,495 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | GB |
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | REVE-000024-000408-000011 | Improvements Assessment | $773,300 |
| Land Assessment | $285,000 | Total Assessment | $1,058,300 |
PROPERTY TAXES
Parcel Number
REVE-000024-000408-000011
Land Assessment
$285,000
Improvements Assessment
$773,300
Total Assessment
$1,058,300
CONTACTS
-
Drew Kirkland -
James Casey -
Francis Saenz -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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Broadway Apartments | 624 Broadway
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