$2,460,000
Active63-69 Putnam St
Winthrop, MA, 02152
Land · MLS #73490169
Days on market
46 days
Lot size
0.26 ac
0.26 acres
Lot
About this home
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 Appealsapproved 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.
Location
63-69 Putnam St, Winthrop, MA, 02152
Property details
- Road type
- Public, Paved, Publicly Maint.
- Electric
- 110 Volts
Listed by The Bill Butler Group · Leading Edge Real Estate
Schedule a showing
63-69 Putnam St
Estimated payment
$15,834 / month
Loan term
- Principal & interest
- $12,349
- Property tax
- $2,460
- Home insurance
- $1,025
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).