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419 Lee Burbank Hwy Revere, MA 02151

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For Sale
$1,595,000

20 market-rate apartments near Boston with development approvals.

Lot size:
0.26 Acres

Property Features for 419 Lee Burbank Hwy

General Information

Lot size
0.26 Acres

Source: Pasciuto and Associates Agent Frank Pasciuto

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Revere Multifamily Investment Opportunity

This is an investment opportunity featuring 20 market-rate apartments. The property is located at 419 Lee Burbank Highway in Revere, MA. All units are market-rent apartments without any affordability restrictions. The location provides convenient transit access, being minutes away from Logan International Airport via the MBTA Blue Line. The property benefits from a prime location with easy highway access to Route 1A, Route 60, and I-90. It is situated close to Revere Beach, shopping centers, restaurants, and Boston employment hubs. The rental market overview for the Revere/East Boston Corridor indicates that studios and one-bedroom units command rents in the $2,800+ range monthly. Investment advantages include no affordability restrictions, commuter convenience with a 10-minute commute to Logan Airport and 15 minutes to Downtown Boston, and transit-oriented growth as Revere experiences strong housing demand due to tightening housing near Boston. The property is sold with all approvals and architectural plans in place. There is upside potential, with rents expected to rise 35% annually given limited new supply.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Revere
County
Suffolk
State
Massachusetts
Longitude
-71.0019493
Latitude
42.4055497

FAQs

What type of property is this?
Apartment building - 20 market-rate apartments near Boston with development approvals.
Where is this apartment building located?
The property is located at 419 Lee Burbank Hwy Revere, MA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: - Approved development with architectural plans in place for 20 market-rate apartments.; - No affordability restrictions; all units can capture full market rents.; - Prime location with easy highway access (Route 1A, Route 60, I-90).
More about this property
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