OUR PAST WORK:

$1,825,000
11 BED

|

4 BATH

|

5,485 SQFT

|

14 PARKING SPACES

36 Sears Street Revere MA 02151

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$1,825,000

$ 1,825,000

36 Sears Street Revere MA 02151
  • MLS #: 73003767
  • Date added: 07/01/22
  • Post Updated: 2022-07-01 20:15:02
  • Type:
  • Bedrooms: 11
  • NO_HALF_BATHS: 1
  • NO_FULL_BATHS: 4
  • Status:
  • Floors: 6
  • Year built: 1985
  • Area: 5485.00 sq ft
  • Lot size: 7215.00 sq ft

Description

Two Lots – Fully Renovated 4 unit multifamily dwelling on the front lot that is 100% occupied with a strong credit tenant roster. This cash cow is producing over $11,700 a month for an annual gross income of $140,400. Potential to add value – the property consists of 14 parking spots that the landlord is currently not charging for. The second lot also has an existing two-story structure with redevelopment potential – buyer to do their own due diligence as to what can be built. Located less than a 1/2 mile from the Wonderland T stop and just steps from the beach. Direct access to Revere Beach and ocean views from the rear roof deck.Unit breakdown: 2 bed, 2 bed, 3 bed, 4 bed.

Rooms&Units Description

  • NO_UNITS: 4
  • LEVELS_1: 1
  • FLRS_1: 1
  • BEDRMS_1: 2
  • F_BTHS_1: 2
  • RMS_1: 5
  • RMS_DSCRP_1: Living Room,Kitchen
  • LEASE_1: Y
  • RENT1: 2400
  • RNT_DSCRP_1: Heat,Electric,Gas,Water,Hot Water
  • HEA_DSCRP_1: Hot Water Baseboard
  • IFE_DSCRP_1: Cable TV Available,Balcony/Deck,Tile Floor,Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower,Open Floor Plan,Remodeled,Slider
  • COL_DSCRP_1: Window AC
  • APP_DSCRP_1: Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer
  • LEVELS_2: 1
  • FLRS_2: 1
  • BEDRMS_2: 3
  • F_BTHS_2: 3
  • RMS_2: 6
  • RMS_DSCRP_2: Living Room,Kitchen,Family Room,Office/Den
  • LEASE_2: Y
  • RENT2: 3000
  • RNT_DSCRP_2: Heat,Electric,Gas,Water,Hot Water
  • HEA_DSCRP_2: Hot Water Baseboard
  • IFE_DSCRP_2: Cable TV Available,Balcony/Deck,Tile Floor,Fireplace – Wood burning,Stone/Granite/Solid Counters,Upgraded Cabinets,Upgraded Countertops,Bathroom With Tub & Shower,Slider
  • COL_DSCRP_2: Window AC
  • APP_DSCRP_2: Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer
  • FRPLCS_2: 1
  • LEVELS_3: 1
  • FLRS_3: 2
  • BEDRMS_3: 2
  • F_BTHS_3: 2
  • RMS_3: 4
  • RMS_DSCRP_3: Living Room,Kitchen
  • RNT_DSCRP_3: Heat,Electric,Gas,Water,Hot Water
  • HEA_DSCRP_3: Hot Water Baseboard
  • IFE_DSCRP_3: Ceiling Fans,Cable TV Available,Storage,Tile Floor,Stone/Granite/Solid Counters,Bathroom with Shower Stall,Slider
  • COL_DSCRP_3: Window AC
  • APP_DSCRP_3: Range,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer
  • LEVELS_4: 2
  • FLRS_4: 2
  • BEDRMS_4: 4
  • F_BTHS_4: 4
  • H_BTHS_4: 1
  • RMS_4: 11
  • RMS_DSCRP_4: Living Room,Dining Room,Kitchen,Family Room
  • RNT_DSCRP_4: Heat,Electric,Gas,Water,Hot Water
  • HEA_DSCRP_4: Hot Water Baseboard
  • IFE_DSCRP_4: Ceiling Fans,Cable TV Available,Pantry,Storage,Balcony/Deck,Tile Floor,Fireplace – Wood burning,Hardwood Floors,Upgraded Cabinets,Upgraded Countertops,Wood Flooring,Bathroom with Shower Stall,Remodeled,Skylight,Slider
  • COL_DSCRP_4: Window AC,Wall AC
  • APP_DSCRP_4: Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer
  • FRPLCS_4: 1
  • TOTAL_ROOMS: 26
  • NO_ROOMS: 26 30
  • OTH4_DSCRP: 1

View on map / Neighborhood

Location Details

  • COUNTY: Suffolk
  • DIRECTION: Located off Route 1A
  • CITY / TOWN: Oak Island
  • ZONING: RB

Property Details

  • LOT_DESCRIPTION: Corner,Paved Drive
  • TOTAL_LEVELS: 5
  • LEVELS: Three Or More
  • ACRE: 0.17
  • LIST_PRICE_PER_SQFT: 332.73
  • ASSESSMENTS: 940000.00
  • TOTAL_RENT: 11700

Property Features

  • EXTERIOR_FEATURES: Deck – Roof,Deck – Wood,Deck – Vinyl,Balcony,Gutters,Decorative Lighting,Fenced Yard
  • BASEMENT: No
  • FOUNDATION: Poured Concrete
  • FLOORING: Wood,Vinyl
  • PARKING_SPACES: 14
  • PARKING_FEATURE: Off-Street
  • FIRE_PLACES: 2 2
  • SEWER: City/Town Sewer
  • WATER: City/Town Water
  • WATERFRONT_FLAG: No
  • WATERVIEW_FEATURES: Ocean
  • WATERVIEW_FLAG: Yes
  • BEACH_DESCRIPTION: Direct Access,Walk to
  • BEACH_OWNERSHIP: Public
  • BEACHFRONT_FLAG: Yes

Fees&Taxes

  • TAX_YEAR: 2022
  • TAXES: $ 9,400

Miscellaneous

  • LENDER_OWNED: No
  • EXPENSES_YEAR_END: 12/22

This style property is located in is currently and has been listed on Hartley Realty Group. This property is listed at $ 1,825,000. It has 11 beds bedrooms, bathrooms, and is 5485.00 sq ft. The property was built in 1985 year.

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