116 Derby Rd, Revere, MA 02151
- $799,000
- 3
- BD
- 2
- BA
- 1,878
- SqFt
Listing courtesy of Listing Agent: Chelsey Gallo from Listing Office: Lamacchia Realty, Inc..
- List Price
- $799,000
- Status
- ACTIVE
- Days on Market
- 33
- MLS#
- 73541931
- Subtype
- Residential Income
- Year Built
- 1929
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,878
- Lot Size
- 6,560
- Acres
- 0.15
Property Description
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.
Additional Information
- Interior Features
- Storage
- Exterior Features
- Rain Gutters, Garden
- Taxes
- $5,987
- Zoning
- RB
- Flooring
- Tile, Hardwood
- Heating
- Oil, Natural Gas
- Exterior Features
- Conventional (2x4-2x6)
- Stories
- 2
- Levels
- 2
- Foundation
- Block
- Parking Features
- Paved Drive, Off Street, Paved
- Waterfront Features
- 0 to 1/10 Mile To Beach, Beach Ownership(Public)
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