116 Derby Rd, Revere, MA 02151

$799,000
3
BD
2
BA
1,878
SqFt

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List Price
$799,000
Status
ACTIVE
MLS#
73541931
Bedrooms
3
Bathrooms
2
Full Baths
2
Living Area
1,878
Lot Size (Acres)
0.15
Year Built
1929

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

Taxes
$5,987
Interior Features
Storage
Parking Description
Paved Drive, Off Street, Paved
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Chelsey Gallo from Listing Office: Lamacchia Realty, Inc..

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