63-69 Putnam St
winthrop, MA 02152US$2,250,000
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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.
Details
0.26 Private Acres Lot Size
land
US$1,056 Monthly Tax
MLS/Listing ID 73490169
Amenities & Features
3/10 to 1/2 Mile To Beach
Ocean
City View
Lot - Cleared
Lot - Level
Community - T-Station
Community - Public School
Community - House of Worship
Community - Bike Path
Community - Walk/Jog Trails
Community - Shopping
Community - Public Transportation
Public Water
Public Sewer
Beach Ownership - Public
Estimate my mortgage
TOTAL MONTHLY COST
US$0
- PRINCIPAL & INTEREST
US$0
- PROPERTY TAXES
US$0
- Common Charges
US$0
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