11 Neptune Avenue

Winthrop, MA 02152

$1,150,000
Price
9
Beds
4
Baths
1
1/2 Bath
3,301 Sq. Ft.
$348 / Sq. Ft.
3,301
Sq. Ft.
$348
per Sq. Ft.

Description

The three-story building contains a total of four (4) units, consisting of two (2) 1-Bedroom/1-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and one (1), 5-Bedroom/1.5-Bathroom unit with 3,301 square feet of living area in 5,178 square feet of total gross area on a 0.12-acre parcel. The Property is located in a highly sought-after residential neighborhood and is 500 feet from Winthrop Beach and the Atlantic Ocean. In-place rents are below the current market rent for comparable units in the area,...The three-story building contains a total of four (4) units, consisting of two (2) 1-Bedroom/1-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and one (1), 5-Bedroom/1.5-Bathroom unit with 3,301 square feet of living area in 5,178 square feet of total gross area on a 0.12-acre parcel. The Property is located in a highly sought-after residential neighborhood and is 500 feet from Winthrop Beach and the Atlantic Ocean. In-place rents are below the current market rent for comparable units in the area, offering the Buyer the potential to raise rents and increase revenue through a programmatic upgrade of the common areas and units.
  1. Listed by Stephen Girolamo • Horvath & Tremblay

Property Details for 11 Neptune Avenue

Town
Winthrop
Area
MA-Winthrop
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of Horvath & Tremblay, Stephen Girolamo
Add your commute
LISTING UPDATED: 04/12/2024 01:46 PM

Property Details for 11 Neptune Avenue

StatusActive
MLS #73211241
Days on Market48
Taxes$10,090 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1900
CountySuffolk County

Location

Listing Courtesy of Horvath & Tremblay, Stephen Girolamo
Add your commute

Building Information for 11 Neptune Avenue

Stories6Residences4Year Built1900Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$7,117 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$841

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11 Neptune Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 3301.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Unfinished Basement
  • Num of Baths: 5.0
  • Num of Full Baths: 4
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 4.50
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Exterior Features: Porch, Deck
  • Patio And Porch Features: Porch, Deck
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: Individually Metered
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Property is in a Flood Zone
Tax Information
  • Tax ID: 1423589
  • Assessments: $968,300
  • Book: 69014
  • Tax Year: 24
  • Zoning: R5
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Brick/Mortar
Income / Expenses
  • GOI: $100,800.00
  • GRE: $34,158
  • NOI: $66,642.00
  • Operating Expense: $34,158.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $8,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.5%
  • Selling Broker Comp: 0
  • Other Agent Compensation: 0

Property History for 11 Neptune Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11 Neptune Avenue

Taxable ValueLand$326,000Additions$642,300Total$968,300
Tax Record2024$10,090 ($841 / month)
Home Facts
Baths4.5Total Finished SqFt3,301 SqFtAbove Grade Finished SqFt3,301 SqFtStories3Lot Size5,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountySUFFOLKAPNWINT M:051 L:036

Schools near 11 Neptune Avenue

This home is within Winthrop School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - PK to 12
Public - 3 to 5
Public - 6 to 8
Rating
School
Distance
Winthrop Sr High School
PublicPK to 12

Arthur T. Cummings Elementary School
Public3 to 5

Winthrop Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11 Neptune Avenue is a multi-family home for sale in Winthrop, MA 02152. This property was listed for sale on March 12, 2024 by Horvath & Tremblay, it's currently listed at $1,150,000. This listing's school district is Winthrop School District. Nearby schools include William P. Gorman/Fort Banks Elementary School, Winthrop Sr High School and Arthur T. Cummings Elementary School. 11 Neptune Avenue is a 9-bed, 4.5-bath, 3,301 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Horvath & Tremblay, Stephen Girolamo

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.