BEDS16
BATHS14 full
SQUARE FEET10,000
MLS#73531829
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
DEVELOPMENT OPPORTUNITY WITH EXISTING MIXED USE PROPERTY GENERATING $71K NET ANNUAL INCOME.++A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals??approved plan to construct a new 12-unit building with podium parking beneath ?? all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. 5-10 min commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston. All dimensions, square footage, parking spaces and building plans are estimated and should be considered for marketing purposes only. Buyers to do all due diligence as this is a development opportunity.
Property Features
Property Type: Multi Unit - Multiple
Garage: 12
Lot Size: 0.26 Acres
Roof Type: Asphalt/Composition Shingles
Stories: 3.0
Taxes: $12,674
Year Built: 2027
Feature Descriptions
Building Area Total: 10000
Community Features: Public Transportation, Shopping
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: 50
Dwelling Type: 5+ Family - 5+ Units Up/Down
Exterior: Frame
GarageY/N: Yes
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: 1421796
Parking Features: Paved Drive
Parking Total: 26
Rooms Total: 99
Sewer: Public Sewer
Units: 16
Water: Public
Waterfront Features: Ocean,3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Listed By / Shown By
Listed By
Agency Name: Leading Edge Real Estate
Agent Name: The Bill Butler Group
Agency Phone: 781-979-0100
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 6,719.94 per month $5,007.52 Principal & Interest $1,056.17 Property Tax $656.25 Homeowner's Insurance
63-69 Putnam St | MLS# 73531829
This multi-family property located at 63-69 Putnam St, Winthrop, MA 02152 is currently listed for sale with an asking price of $2,250,000. Search Winthrop real estate on www.masiellogrouprealestate.com today.