Sold
72-74 Thornton St, Revere, MA
Revere · MA 02151
- $1,740,000
- Price
- 16
- Beds
- 6
- Baths
- 6237
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1920
Units:
6 Units
Lot size:
5,009 Sq.Ft Lot
Price per square foot:
$281 / Sq.Ft
Parking:
No Parking
About this home
72-74 Thornton St is a three-story building and contains a total of six units, consisting of four 3-Bedroom/1-Bathroom units and two 2-Bedroom/1-Bathroom units. The Property is well-located in a renter-dominated market and is typically fully occupied with low historical vacancy. There is a limited supply of multifamily housing in Revere with a high demand for rental units, given its location along the shore and proximity to downtown Boston (5-miles). The Property is located 0.4-miles from the Revere Beach MBTA T-Station and also enjoys close proximity to the commercial center of Revere and the Revere Beach offering an abundance of shopping, restaurant and outdoor recreation amenities. Listed at a 6.46% cap-rate on current income, in-place rents are below the current market rent for comparable units in the market, offering the Buyer the potential to raise rents and increase current revenue through a programmatic upgrade of the common areas and units.
Neighborhood & Transit
72-74 Thornton St, Revere · MA 02151
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Revere Beach Blue 0.32 mi
Price Insight
- Days on Market:
- 867 days
- Listing Price:
- $1,750,000
- Price per Sq.Ft:
- $281
- Tax Assessment:
- $1,701,100 in 2024
- Taxes:
- $1,291 / Monthly
Home Facts
Interior Features
- Bedrooms
- 16
- Full Bathrooms
- 6
- Half Bathrooms
- 0
- Living Area
- 6,237 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 6237
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Individually Metered
Exterior Features
- Lot Size
- 5,009 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Stephen Girolamo
- Listing office
- Horvath & Tremblay
- MLS PIN #
- 73255322