MA
Suffolk
Winthrop
02152
11 Pearl Ave
11 Pearl Ave, Winthrop, MA 02152
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Listing Type
Multi Family
Listing Status
Pending
24
$1,050,000

Home Details for 11 Pearl Ave

Price
$1,050,000
Type
Residential Income
Bedrooms
11
Total Bathrooms
3
Full Bathrooms
3
Square feet
4032
Year built
1890
Lot size acres
0.11
County
Suffolk
Total rooms
18
Basement
Full, Interior Entry
Days on site
45
MLS Listing#
73491764
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
  • Parking
    • Paved
    • Off Street
  • Basement
    • Full
    • Interior Entry
  • Waterfront and Water Access
    • Ocean Front
  • Heating Information
    • Zoned
  • Water Features
    • Public
Listing Courtesy: Reference Real Estate - 781-342-0052
Presented by: Reserve Team
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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