Revere, MA - (3) Multi- Unit Apt. High Rises

Auction Details

Auction Address:
364,370,388 Ocean Ave.,
Revere, MA 02151
Date/Time:
Dec. 5, 2024, 11:00 AM

Auction Description

Mortgagees Sale of Real Estate @ Public Auction

1.61+/- 4.95+/- total acres of non-adjacent land improved by 3 (three) multi-unit apt bldgs. known as Water's Edge Apartments.

364 Ocean Ave: 1.97+/- acres of land improved by a 13-story building containing 92 units.
Unit breakdown believed to be:
1 commercial suite
Thirty Six (36) 1bd/1ba
Fifty Five (55) 2bd/2ba

370 Ocean Ave: 1.18+/- acres of land improved by a 16-story building containing 95 units.
Unit breakdown believed to be:
1 commercial suite
Twenty three (23) 1bd/1ba
Seventy One (71) 2bd/2ba

388 Ocean Ave: 1.80+/- acres of land improved by a 16-story building containing 119 units.
Unit breakdown believed to be:
1 commercial suite
Twenty Four (24) 1bd/1ba
Ninety Four (94) 2bd/2ba There is a parking garage located on the lower level of each building.

Terms of Sale:A deposit of $100,000.00 by certified or bank check required at the time & place of sale & increase deposit amount to 2.5% of bid price within 7 days of the sale & balance due within 30 days. All other terms announced at sale. Neither Auctioneer nor Mortgagee nor Attorney make any representations or warranties as to the accuracy of the information contained herein. Nutter, McClennen & Fish, LLP, Boston, MA., Attorney for the Mortgagee