291 Revere St #7, Revere, MA 02151

Description

Welcome to unit 7 which is located on the 2nd floor front left of the building. The unit contains 4 rooms; a kitchen, a living room, 2 bedrooms and a full bath. The unit is income-restricted condominium in Revere, Massachusetts. This affordable homeownership opportunity offers qualified buyers the opportunity to purchase a home in Revere at an affordable price. This unit is conveniently located to shopping centers, train station, and Bus stop Revere st. & Bates St. This is a move in ready home. Potential buyer/s must be a first-time home buyer & must be an owner-occupied primary residence.The unit has exclusive use of parking space #7 and exclusive use of storage unit #7 in the basement, with a $189.75 Monthly HOA Fee.FY2026 80% AMI Income LimitsThe applicable FY2026 80% AMI maximum household income limits are; one person-96000, two persons-109700, three persons-123400, and four person-137100. Additionally, Asset Limits: Frequently capped at $75,000 in liquid assets (excluding specific retirement and college savings accounts).Sale ContingencyThe sale of this condominium is contingent upon the current owner securing suitable housing. Buyer Eligibility & Down-Payment AssistanceThe City of Revere Department of Planning and Community Development is responsible for reviewing and confirming the verified eligibility of prospective buyers for this income-eligible & first-time homebuyer unit.Qualified buyers may also receive assistance from the City of Revere with applying for available down-payment assistance, subject to applicable program requirements, funding availability, and City approval.