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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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63-69 Putnam St , Winthrop, MA 02152
$2,250,000
Est. Payment: $5,000.00/mo
16 Bed
14 Bath
10000 Sqft
Status: Active | Days on site: 101
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AN4646 - TM327053
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by The Bill Butler Group , 617-771-9376 Leading Edge Real Estate , 781-979-0100.

Property Type

Multi-Family
Lot/Acreage
0.26

Year Built

2027

County

Suffolk

Listing ID

73531829

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:16
  • ▪ Bathrooms:14
  • ▪ Full Bathrooms:14
Water:Public

Exterior Features

Lot:Level,Ocean,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)
Garage Capacity:26
Zoning:CBD
Roof:Asphalt/Composition Shingles
Sewer:Public Sewer
Parking Features:Paved Drive,Parking Spaces: 26
Principal Interest
$5,000
Taxes
$1,056

Home Price

$2,250,000

Loan Details

30 yrs
%

Down Payment

20%
$450,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,000.00 $1,056.17 $0.00 $6,056.17
Yearly $60,000.00 $12,674.00 $0.00 $72,674.00
Total $1,800,000.00 $380,220.00 $0.00 $2,180,220.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Winthrop, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.