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****** HIDDEN GEM ****** EAST BOSTON/REVERE LINE. Extremely rare find! 29-units spanned over 2 BRICK buildings, Only a 3-minute WALK TO THE T (Beachmont Station) located on a dead end street in the Beachmont Area of Revere. The asset consists of (2) Studios, (9) 1-Bedrooms, & (18) 2-Bedrooms. Almost every unit consists of hardwood floors, kitchens mostly have dishwashers, and all the 2nd and 3rd floor units have balconies. Apartments are all rented for well below market rates. Phenomenal VALUE-ADD potential. Rents have significant room for increases. Over 50 Off-Street PARKING Spaces. Each building has laundry rooms. Tenants pay all utilities, except water and hot water is paid by the Landlord. AMAZING OPPORTUNITY Easy commute to Boston, WALKING DISTANCE TO the Beachmont T-Stop & the Beach. GMRE PRO FORMA attached. CASH OFFERS ONLY, AT THIS POINT. MUST CLOSE BY MAY 29TH, 2017
Listed by Foley/Federico Team and Ryan Foley of Greater Metropolitan R. E.
A High Street estate of incomparable grandeur and palatial elegance, the Lowell-Tracy-Johnson House, c.1773, is the finest Georgian mansion in historic Newburyport. Set back from the street on just over 3 acres of pristine gardens and woodlands, only a short walk to downtown, this handsome home has been modernized and outfitted w/ State-Of-The-Art systems, a beautiful entertainer's kitchen, standing seam copper roof, geothermal HVAC, professional's wine cellar, an unusually elegant master bath and much more. Period detail abounds. The main staircase is considered one of the architectural treasures of the city. The ca.1850 carriage house, recently reimagined, holds a cutting edge Music Chamber/Performance Space, two car garage, and two contemporary apartments or guest quarters. Its cupola, an oasis of calm, overlooks majestic specimen shade trees and panoramic views of the city. Available for new ownership for the first time in more than 20 years.
Listed by Anne Neal of Coldwell Banker Residential Brokerage - Newburyport
2015 New Construction . No need for any renovation. No headache investment with huge upside potential . Current rents are below market and we are gradually raising them up. Building features: elevator, common area surveillance, fob entry system, sprinkler system, Individual Water and Sewer meters for each unit, storage rooms for the management, low maintenance. Unit features: very large size (over 1300sq. ft.) hardwood floors, granite countertops, heated tiles, huge closets, huge bedrooms, washer and dryer in unit, instant hot water, superior sound proofing, video intercom, garage parking space. The units are so big that could be easily reconfigured into 3 beds.
The Jewel of the entire North Shore. This Enormous Estate features 6 bedrooms, 6.5 bath rooms, 5 fireplaces, Grandiose Rooms and is situated with direct Atlantic Ocean frontage!!! It has views of Swampscott Harbor and beyond to the Boston Skyline. The Grand Entrance Foyer boast a beautiful double winding staircase and both bedrooms on left and right wings of the home have open balconies with Incredible Views. There is an in-ground which is afforded these Amazing Views. The Carriage house has 3-4 bedrooms, 1.5 baths, a six car parking garage and there are sliders off the living room that also leads to an open balcony with unrivaled views! These properties need to be lovingly restored but based on its Unbelievable Ocean Front Location it will be an endeavor that will be Absolutely Worth While.
SOLID 10 UNIT BRICK BUILDING IN PRIME LOCATION SHORT WALK TO BLUE LINE T! Strong cash flow and strong rental history make this a must have for investors looking for value todays market. The property offers (7) 2 bedroom 1 bath units and (3) 1 bed 1 bath units! All units have been fully renovated over the past couple of years! Units feature Granite Kitchens, Stainless Steel appliances, Hardwood floors throughout,Modern Tiled baths, Crown molding! Heat is electric and tenants pay! Gross annual rental income is $172,600 with room for upside potential. Market rents should be ~ $200,000+ annually! Great location, easy walk to the Blue Line T Station, bus routes, East Boston and downtown Boston.
Listed by Nicholas Spagnola and Louis Rubino of City Realty Group
This is a beautiful historic 1930's library which was completely updated in 2012. This is a renovation where no cost was spared to create unique, modern units with every amenity in a convenient location close to the ocean, Swampsott train station, NSCC, and MBTA. Perfect for commuters and professionals.
Listed by Ann Marie Jonah and Eileen Jonah-Daly of Annmarie Jonah REALTORS
Location, Location, Location. Rare opportunity to buy this 11 unit mixed-use portfolio (7 residential - 4 commercial units) very desirable location. Over 13,000+ sqft of rent-able space. 3 meticulously maintained buildings on almost ½ acre lot (portfolio consists of a 2 unit at 18 Sculpin Way, 4 unit at 509 Humphrey St, and 5 unit at 499 Humphrey St all are on adjacent lots). Properties have it ALL, need nothing. Absolutely turn-key opportunity. Walk to beaches, walk to in-town restaurants, shops and cafes. Commuter rail to Boston only @ 1 mile away. Property managed by same owner for 45+ years. Pride of ownership throughout. Current rent roll below market $197,700. Low operating expenses of $49,000. Parking for 25+ cars; very rare for residential/commercial zone. Downtown Boston 12.5 miles away. Conveniently located on Bus Route. Buyer to perform own due diligence. No representation are made by seller or listing agent. Great long term buy and hold.
Formerly Ocean Spray Inn now being used as a 24 room rooming house. Corner lot multi-unit property with main entrance on Winthrop Shore Drive. Right across from Winthrop Beach with ocean views and salt air breezes. Looking Out To The Atlantic Ocean and Minutes To The Airport....Excellent History Of Full Occupancy Rents For Long Term Value. Great value, easy to convert back to an inn or Motel if someone wanted. The seller is negotiable and looking for reasonable offers. The vacancy rate on this property varies. OCEAN FRONT PROPERTY ON WINTHROP BEAUTIFUL BEACH!
Don't miss out on an opportunity to purchase this well maintained fully occupied 9 unit mixed use Retail/Residential mini plaza with a great cash flow. This investment includes 5 retail units and 4 residential apartments located right in the heart of Gloucester!!
RENOVATED REVERE 6 UNIT BUILDING, DE-LEADED WITH SOLID CASH FLOW AND STRONG RENTAL HISTORY! Investors take notice, this Revere 6 unit building features (4) renovated 3 beds and (2) renovated 2 beds! Units feature beautiful gleaming hardwood floors throughout, spacious living rooms and bedrooms throughout, tiled kitchens with granite counters and stainless steel appliances. Coin Op Laundry room located in basement! Current gross annual rent is $123,000 annually, market rents are actually approx 15% higher! All utilities are separate and the tenants pay their share! Newer HVAC throughout with central A/C! Prime location offers easy access to the Blue Line T via Revere Beach station, downtown Boston and major transportation routes. Proforma and lease breakdown are attached. Do not miss!
Listed by Nicholas Spagnola and Louis Rubino of City Realty Group
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