BEDS11
BATHS3 full
SQUARE FEET4,032
MLS#73491764
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Winthrop is one of the last undervalued waterfront towns in Greater Boston, and opportunities like this don't sit long. 11 Pearl Ave is a vacant 3-family just a block from the ocean, generating $10,500/month at market rents with zero displacement headaches. Three floors, 11 bedrooms total, 4,032 sq ft of income-producing space on a town where the average days on market keeps shrinking. 3 separate heat systems, and 200-amp electric. Flood insurance runs about $2,600/year. Live in one, rent two, or hold all three. Priced at $1,050,000 with a cap rate that pencils with room for improvement and valuate add. Don't sleep on Winthrop.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Interior Entry
Lot Size: 0.11 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $7,981
Year Built: 1890
Amenities
Living Room
Dining Room
Kitchen
Living RM/Dining RM Combo
Feature Descriptions
Building Area Total: 4032
Community Features: Public Transportation
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 27
Dwelling Type: 3 Family
Electric: 200+ Amp Service
Exterior: Frame
Flooring: Wood
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Features: Flood Plain, Level
Open Parking Y/N: Yes
Parcel Number: M:039 L:022,1422770
Parking Features: Paved Drive, Off Street, Paved
Parking Total: 3
Road Responsibility: Public Maintained Road
Rooms Total: 18
Sewer: Public Sewer
Units: 3
Utilities: for Gas Range, for Electric Dryer, Washer Hookup
Water: Public
Waterfront Features: Ocean,0 to 1/10 Mile To Beach, Beach Ownership(Public)
Listed By / Shown By
Listed By
Agency Name: Reference Real Estate
Agency Phone: 781-342-0052
Agent Name: Reserve Team
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,308.18 per month $2,336.84 Principal & Interest $665.08 Property Tax $306.25 Homeowner's Insurance
11 Pearl Ave | MLS# 73491764
This multi-family property located at 11 Pearl Ave, Winthrop, MA 02152 is currently listed for sale with an asking price of $1,050,000. Search Winthrop real estate on www.masiellogrouprealestate.com today.