Solid brick 4-unit mixed-use investment at 233 Washington St w/ 3 residential units on 581 Proctor Ave. At 233 Washington Ave is a 2000+ sq ft commercial dance studio with long-term tenant of 39 years. Residential units at 581 Proctor Ave 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 8% 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. Public records has it listed as 581 Proctor but Google as 233 Washington Ave
- Heating System:
- Baseboard, Natural Gas
- Cooling System:
- None, Wall Unit(s)
- Fireplace:
- Wood Burning
- Security:
- Security System
- Appliances:
- Range, Dishwasher, Microwave, Refrigerator, Other
- Construction:
- Brick
- Flooring:
- Tile, Wood
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Interior Features:
- Kitchen, Upgraded Cabinets, Bathroom With Tub & Shower, Ceiling Fan(s), Living Rm/dining Rm Combo, Lead Certification Available, Office/den, Living Room, Upgraded Countertops, Studio
- Lead Paint:
- No
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
- Market Time:
- 14
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $219
- Zoning:
- Mixed Use
- No Units:
- 4
- Orig Price:
- $1,489,000
- Fireplaces:
- 1
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Revere
- State:
- MA
- County:
- Suffolk
- Postal Code:
- 02151
- Longitude:
- W72° 58' 8.1''
- Latitude:
- N42° 25' 5.7''
Residential Income
233 Washington Ave, Revere, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,415,000
- Bedrooms :
- 7
- Rooms :
- 16
- Total Bathrooms :
- 5
- Full Bathrooms :
- 4
- Half Bathrooms :
- 2
- Square Footage :
- 6,457 Sqft
- Year Built :
- 1960
- Lot Area :
- 0.08 Acre
- Listing ID :
- 73481847
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
