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116 Derby Road

Revere MA 02151

3
2
3
1878 sq. ft.
6560 sq. ft.
Other
Currently for sale - view listing

Overview

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 $5,300/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). Unit 2 lease is month-to-month. Some photos may be virtually enhanced.

Features

3 bedrooms
2 bathrooms
3 carspaces
3 open car spaces
1878 sq. ft. floor area
6560 sq. ft. lot size
Other

Property history for 116 Derby Road

2022
Sold
$680,000
29 Jul 2022 by Darlene Minincleri, of MP Realty Group

Happy sellers in Revere

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We have insufficient information to provide an overview of customer satisfaction for Revere. Viewing the agent profiles, reviews and sales for Revere can provide insights for this location.

Local market activity for 3 bedroom other properties in Revere

In the last 12 months, 3 three-bedroom other properties similar to 116 Derby Road, have been sold.

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