6-8 Garfield Ave - Apartments FOR SALE


Revere, MA 02151- Crescent Beach
$2,400,000 USD
585-683-9218
6-8 Garfield Ave, Revere, MA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/15
null | 5.84% Cap Rate

6-8 Garfield Ave
Revere, MA 02151
Crescent Beach


HIGHLIGHTS

  • Renovated top-to-bottom in 2024 to condo-level quality Energy-efficient systems and low utility bills Strong tenant base, zero building issues
  • Two top-floor 1-bed units with direct ocean views One minute walk to the Blue Line T. Across the street from Revere Beach
  • Close to Shirley Ave shops & restaurants, and just 8 minutes to Suffolk Downs Parking not currently monetized (potential upside)

OVERVIEW

(5 Unit) Multi-Family in Revere – Ocean Views, Turnkey A++ Investment Property. Brand-new, fully gut-renovated in 2024, steps from Revere Beach and the Blue Line. Unit Breakdown & Rents: 4 Bed 2 bath- $4000 2 bed 1 bath- $2950 1 bed 1 bath- $2500 1 bed 1 bath- $2500 1 bed 1 bath- $2500 5 Parking Spots Monthly Rent Roll: $14,450 Yearly Rent Roll: $173,400 Highlights: Renovated top-to-bottom in 2024 to condo-level quality Energy-efficient systems and low utility bills Strong tenant base, zero building issues Two top-floor 1-bed units with direct ocean views One minute walk to the Blue Line T Close to Shirley Ave shops & restaurants, and just 8 minutes to Suffolk Downs Parking not currently monetized (potential upside) Across the street from Revere Beach

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$571 USD /SF

# OF UNITS

5

PRICE/UNIT

$480,000

CAP RATE

5.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,984 SF

ZONING

GB

APN/PARCEL ID

REVE-000008-000094-000001

ASK ABOUT THIS PROPERTY

John MaggioEVO Real Estate GroupMore Info
585-683-9218

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John MaggioEVO Real Estate GroupMore Info
585-683-9218

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.