Seller's Agent in 2024
Steve Girolamo
Horvath & Tremblay
(978) 406-1789
2 in this area
23 Total Sales
72 Thornton St Revere, MA 02151
Crescent Beach Neighborhood
16
Beds
6
Baths
6,237
Sq Ft
5,009
Sq Ft Lot
Highlights
- Marina
- Property is near public transit
- Tennis Courts
- Medical Services
- Community Pool
- Jogging Path
About This Home
As of September 202472-74 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,497
Year Built
- Built in 1920
Lot Details
- 5,009
Home Design
- Brick Foundation
- Stone Foundation
- Rubber Roof
Interior Spaces
- 6,237 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Bedrooms and Bathrooms
- 16 Bedrooms
- 6 Full Bathrooms
Laundry
- Dryer
- Washer
Location
- Property is near public transit
- Property is near schools
Additional Features
- 5,009 Sq Ft Lot
- Separate Meters
Listing and Financial Details
- Total Actual Rent $13,790
- Rent includes unit 1(water), unit 2(water)
Community Details
Overview
- 6 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Tennis Courts
- Community Pool
- Park
- Jogging Path
- Bike Trail
Building Details
- Operating Expense $53,886
- Net Operating Income $113,034
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/23/2024 09/23/24 | Sold | $1,740,000 | -0.6% | $279 / Sq Ft | |
| 06/26/2024 06/26/24 | Pending | -- | -- | -- | |
| 06/20/2024 06/20/24 | For Sale | $1,750,000 | +28.2% | $281 / Sq Ft | |
| 08/16/2017 08/16/17 | Sold | $1,365,000 | -2.2% | $219 / Sq Ft | View Prior Sale |
| 06/16/2017 06/16/17 | Pending | -- | -- | -- | |
| 06/14/2017 06/14/17 | Price Changed | $1,395,000 | -1.8% | $224 / Sq Ft | |
| 05/15/2017 05/15/17 | Price Changed | $1,420,000 | -2.1% | $228 / Sq Ft | |
| 04/06/2017 04/06/17 | For Sale | $1,450,000 | 0.0% | $232 / Sq Ft | |
| 07/07/2015 07/07/15 | Rented | $1,525 | 0.0% | -- | |
| 07/07/2015 07/07/15 | For Rent | $1,525 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Steve Girolamo
-
May Mai
Buyer's Agent in 2024
May Mai
PWK Realty LLC
(617) 319-1819
2 in this area
32 Total Sales
-
N
Seller's Agent in 2017
Nick Spagnola
Centre Realty Group
-
CRM Property Cor Rentals Department
C
Seller's Agent in 2015
CRM Property Cor Rentals Department
City Realty Group
2 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73255322
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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