Address
11 Neptune Ave, Winthrop, MA
Price
$ 1,150,000
Property Attributes
- MLS#73211241
- TypeMulti-Family
- CountySUFFOLK
- CityWinthrop
- Zip02152
- Style4 Family
- Year Built1900
- Taxes$ 10090
- Price$ 1,150,000
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage3301
- Lot Size5,227 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
The three-story building contains a total of four (4) units, consisting of two (2) 1-Bedroom/1-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and one (1), 5-Bedroom/1.5-Bathroom unit with 3,301 square feet of living area in 5,178 square feet of total gross area on a 0.12-acre parcel. The Property is located in a highly sought-after residential neighborhood and is 500 feet from Winthrop Beach and the Atlantic Ocean. In-place rents are below the current market rent for comparable units in the area, offering the Buyer the potential to raise rents and increase revenue through a programmatic upgrade of the common areas and units.
| Price History | |
|---|---|
| 3/12/2024 | Listed $1,150,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Roof | Shingle |
| Zoning | R5 |
| Patio/Porch Features | Porch,Deck |
| Year Built | 1900 |
| Electric | Individually Metered |
| Property SubType | 4 Family |
| Tax Year | 24 |
| Gross Income | 100800 |
| Waterfront Features | Beach Front,Ocean,0 to 1/10 Mile To Beach |
| County | Suffolk |
| Net Operating Income | 66642 |
| Operating Expense | 34158 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Total Rooms | 17 |
| Status | Active |
| Directions | Please use GPS |
| City | Winthrop |
| Disclosures | Property is in a Flood Zone |
| Senior Community Y/N | No |
| Total Units | 4 |
| Lot Size Square Feet | 5227 |
| Waterfront Y/N | No |
| Street Name | Neptune Ave |
| Year Built Details | Approximate |
| Tax Annual Amount | 10090 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 968300 |
| Total Actual Rent | 8400 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | Yes |
Interior Features
| Basement | Unfinished |
|---|---|
| Total Stories | 6 |
| Fireplace Y/N | No |
| Full Baths | 4 |
| Half Baths | 1 |
| Total Bedrooms | 9 |
| Total Baths | 5 |
Exterior Features
| Parking Features | Paved Drive,Off Street |
|---|---|
| Water Source | Public |
| Total Parking | 4 |
| Lot Size Area | 0.12 |
| Foundation Details | Brick/Mortar |
| Spa | No |
| Building Area Total | 3301 |
| Lot Size Acres | 0.12 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 02152
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information 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 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
