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. Fieldstone foundation, updated flooring throughout, separate heat zones, 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. Don't sleep on Winthrop.
Property Features
Parking
Paved
Off Street
Basement
Full
Interior Entry
Waterfront and Water Access
Ocean Front
Water Features
Public
Listing Courtesy: Reference Real Estate - 781-342-0052