$790,000
$790,000
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4 Revere St Winthrop, MA 02152
7 Beds
4.5 Baths
4,856 SqFt
Key Details
Sold Price $790,000
Property Type Multi-Family
Sub Type 4 Family - 4 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 4,856 sqft
Price per Sqft $162
MLS Listing ID 72367634
Sold Date 10/01/18
Bedrooms 7
Full Baths 4
Half Baths 1
Year Built 1900
Annual Tax Amount $6,185
Tax Year 2018
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Investors and End-users will be especially interested in this property. The owner has been making a steady stream of income from the current rents even though they are below current market rents. This mixed-use commercial/multi-family property has 3 residential units with the potential for a fourth unit and a commercial unit on the first floor. As it stands, the current cap rate is about 6%. Whether you would like to hold this unit for the income or potentially redevelop, the neighborhood has a lot to offer. It is a short walk to the beach or this building is near the main street coffee shops and other hidden gems Winthrop has to offer. Additionally, you can take the Paul Revere Bus to the Blue Line and straight into Boston. This building does not currently require flood insurance and the roof was replaced last year. Come to see 4 Revere St this weekend 7/29 & 7/30. Must contact the listing agent to attend the group showings.
Location
State MA
County Suffolk
Zoning R4
Direction Saratoga St to Main St to Revere St
Rooms
Basement Full
Interior
Flooring Wood, Tile, Concrete, Laminate
Appliance Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Exterior
Community Features Public Transportation, Park, Walk/Jog Trails, Golf, Conservation Area, House of Worship, Marina, Public School
Utilities Available for Gas Range, for Gas Oven
Waterfront false
Waterfront Description Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Parking Type Off Street
Total Parking Spaces 6
Garage No
Building
Lot Description Corner Lot
Story 9
Foundation Other
Sewer Public Sewer
Water Public
Read Less
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Bought with Sarah Rodewald • Gibson Sotheby's International Realty