Two-Family Investment Opportunity with Double Lot Potential! High-performing asset, perfect for savvy investors looking for immediate cash flow or owner-occupants. This property currently generates a steady $5,400/month, offering turn-key addition to your portfolio. This rare double lot, offers incredible potential for Accessory Dwelling Unit (ADU)—buyers to do due diligence regarding zoning and buildability. Unit 1 (first floor) features a bright, flexible 2 bedroom layout, an updated Kitchen (2019) with granite countertops, convenient in-unit laundry, and direct access to a large, shared back deck and yard. Unit 2 (second floor) features completely renovated Kitchen and Bathroom (2022), 1 Bedroom and 1 Office that has the potential to become a bedroom. Updates: 200 Amp Electric Panel (2023). Massive storage with full-size basement. Remaining 12-month lease in place for Unit 1 (July 2027). Remaining 11-month lease in place for Unit 2 (June 2027). Some photos may be virtually enhanced.
- Heating System:
- Oil, Natural Gas
- Basement:
- Walk-out Access, Unfinished
- Parking:
- Off Street, Paved, Paved Drive
- Construction:
- Conventional (2x4-2x6)
- Exterior Unit Features:
- Rain Gutters, Garden
- Flooring:
- Tile, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Seller has real estate license. 1000 gallon propane tank is owned. New septic system 9/23
- Electric Feature:
- 200+ Amp Service
- Garage Parking
- Interior Features:
- Storage
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Gas, Unit 2(heat, Water), Unit 1(heat
- Market Time:
- 33
- Parking Spaces:
- 3
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $425
- Zoning:
- RB
- No Units:
- 2
- Orig Price:
- $799,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Revere
- State:
- MA
- County:
- Suffolk
- Postal Code:
- 02151
- Longitude:
- W72° 59' 7.8''
- Latitude:
- N42° 25' 32.3''
Residential Income
116 Derby Rd, Revere, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $799,000
- Bedrooms :
- 3
- Rooms :
- 9
- Total Bathrooms :
- 2
- Full Bathrooms :
- 2
- Square Footage :
- 1,878 Sqft
- Year Built :
- 1929
- Lot Area :
- 0.15 Acre
- Listing ID :
- 73541931
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
