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Expired

802 Winthrop Ave, Revere MA 02151

$1,200,000

Estimated $2,662.96/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $400,000

Total Rent: 98400/year

Estimated CAP Rate: 7.28%

10 Bedrooms

3 Full Baths

3,007 SqFt

Total Parking: 0

5,001 SqFt

802 Winthrop is an oversized recently renovated three family boosting three large units consisting of two (2) three-bedroom, 1 bathroom, and one (1) four-bedroom 1 bathroom unit. Each unit features hardwood floors, large room sizes, updated windows, dedicated laundry, dedicated storage units, large eat-in kitchens, renovated bathrooms, and just a short walk to the beach. The tenants are responsible for their own separately metered heat, hot water, and electric while the landlord pays for water/sewer. The property is conveniently located in the Beachmont neighborhood of Revere and close proximity to the MBTA Blue Line (Beachmont stop). The property is also within walking distance of the new Suffolk Downs development that is well underway. All units are paying top rents and are on annual leases totaling 8200 per month and also has property management in place if you wish to keep it. Do not miss your opportunity to obtain this strong cash flowing property close to Boston and amenities.

This home has been viewed 45 times

Last Checked: May 6th, 2024 at 11:45pm (Source: MLS PIN #73052804)

Gross Income: $98,400

Gross Expenses: $11,006

Net Income Calc: $87,394

CAP Rate: 7.28%

Beach Front

Annual Expenses for 802 Winthrop Ave, Revere MA 02151

Total Gross Expenses (Calculated)$11,006/year

APOD AvailableYes

Heating

Electricity

Water$2,400

Gas$2,400

Insurance

Sewer$2,400

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,606

Annual Income & Unit Breakdown for 802 Winthrop Ave, Revere MA 02151

Total Gross Income (Calculated)$98,400

Unit 1

Rental Income$2,700

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$3,000

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$2,500

LeaseY

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 802 Winthrop Ave, Revere MA 02151

Listing ID73052804

Property TypeMulti Family / 3 Family

Price$1,200,000 ($399.07/SqFt)

Style3 Family

CityRevere

CountySuffolk

MLS AreaBeachmont

Neighborhood(s)

Approximate Living Area Total3,007 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsConventional (2x4-2x6)

Lot FeaturesLevel

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBay, Beach Front, Beach Ownership(public), 3/10 To 1/2 Mile To Beach

Energy FeaturesThermostat

Terms

Disclosures for 802 Winthrop Ave, Revere MA 02151

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$2,400

Total Gross Income By Broker$98,400

Total Net Income By Broker$98,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 802 Winthrop Ave, Revere MA 02151

Real Estate Taxes$8,606

Tax Year2022

Assessed Value$827,500

Financial Data Source

Total Gross Expenses By Broker$2,400

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$98,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$98,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.28%

Location Information for 802 Winthrop Ave, Revere MA 02151

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaBeachmont

Area Amenities

Contact Information for 802 Winthrop Ave, Revere MA 02151

Agent

Name: Benjamin Roughan

Office

Name: Cameron Real Estate Group

Phone: 781-486-3180

Payment Calculator

, Interest

Property Taxes 717.17

Principal & Interest 7394.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cameron Real Estate Group

Benjamin Roughan

Agent Phone

Office Phone

(781) 486-3180

Text Agent Call Agent Call Office

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EXIT

Expired

802 Winthrop Ave, Revere MA 02151

$1,200,000

Annual Expenses for 802 Winthrop Ave, Revere MA 02151

Annual Income & Unit Breakdown for 802 Winthrop Ave, Revere MA 02151

General Information for 802 Winthrop Ave, Revere MA 02151

Disclosures for 802 Winthrop Ave, Revere MA 02151

Financial Information for 802 Winthrop Ave, Revere MA 02151

Location Information for 802 Winthrop Ave, Revere MA 02151

Contact Information for 802 Winthrop Ave, Revere MA 02151

Agent

Office

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Exclusive Listing Agent

Cameron Real Estate Group

Benjamin Roughan