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$1,150,000
Total Beds: 9 Total Baths: 5
Total Units: 4 SQFT: 3301
LOT size: 0.12 Acres
11 Neptune Ave
Winthrop, MA 02152
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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.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 9
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: Yes
  • Gross Operating Income: 100800
  • Gross Expenses: 34158
  • Net Operating Income: 66642

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 2

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Foundation Info: Brick
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73211241
  • Last Updated: 04/12/24

Mortgage Calculator

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Map

Seller's Representative: Stephen Girolamo, Horvath & Tremblay
Sub Agent Compensation: 0
Buyer Agent Compensation: 2.5%
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: Yes

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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 may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-04-12 13:43:00

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