About 233 Washington Ave
BACK ON MARKET – MIXED-USE INVESTMENT OPPORTUNITY! Solid brick 4-unit property offering strong residential and commercial income. Commercial space consists of a 2,000+ sq. ft. dance studio with a long-term tenant of approximately 39 years and lease through 2029. Three residential units include two 2-bedroom units and one 3-bedroom unit with office/den. Residential units are Section 8 with delead certificates in hand. Currently operating at approximately an 8% cap rate. Common laundry and 3 off-street parking spaces. Excellent cash flow, established tenants and multiple income streams make this a solid addition to an investor’s portfolio. All financials, leases, and lead certs available after accepted offer.
Pricing and availability subject to change.
Features of 233 Washington Ave
| MLS® # | 73481847 |
|---|---|
| Price | $1,399,000 |
| Bedrooms | 7 |
| Bathrooms | 5 |
| Full Baths | 4 |
| Half Baths | 2 |
| Square Footage | 6,457 |
| Acres | 0.08 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | 4 Family |
| Status | Pending |
Community Information
| Address | 233 Washington Ave |
|---|---|
| City | Revere |
| County | Suffolk |
| State | MA |
| Zip Code | 02151 |
Amenities
| Parking Spaces | 5 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Lead Certification Available, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Ceiling Fan(s), Studio, Living Room, Kitchen, Living RM/Dining RM Combo, Office/Den |
|---|---|
| Appliances | Range, Microwave, Refrigerator, Dishwasher, Other |
| Heating | Baseboard, Natural Gas |
| Cooling | None, Wall Unit(s) |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Wood Burning |
| # of Stories | 4 |
| Stories | 4 |
| Has Basement | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Windows | Picture Window |
| Roof | Shingle |
| Construction | Brick |
| Foundation | Slab |
Additional Information
| Zoning | Mixed Use |
|---|