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Expired

43 Hutchinson Street, Winthrop MA 02152

$925,000

Estimated $2,171.31/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $308,333.33

Total Rent: 71160/year

Estimated CAP Rate: 6.82%

6 Bedrooms

3 Full Baths

3,163 SqFt

Total Parking: 0

4,356 SqFt

Large recently renovated 3 Family in sought after Winthrop Highlands! Great for an owner occupant or an investor looking to jump into the Winthrop community. Property has had a number of recent enhancements including cosmetically renovated units 1 & 2 (2019), new high efficiency heating system U2 (2019), foundation repointed with new french drain in basement (2022), new front retaining wall (2022), new deck/egress (2022) and several others, making this property a desirable future investment. Additional expansion opportunities exist (as permitted by Winthrop building dept). The best of both worlds with being walking distance to the ocean (no flood insurance required), but only with a short trip into the city. Washers & dryers in basement.

This home has been viewed 52 times

Last Checked: May 7th, 2024 at 4:31am (Source: MLS PIN #73073292)

Gross Income: $71,160

Gross Expenses: $8,057

Net Income Calc: $63,103

CAP Rate: 6.82%

Beach Front

Annual Expenses for 43 Hutchinson Street, Winthrop MA 02152

Total Gross Expenses (Calculated)$8,057/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,057.10

Annual Income & Unit Breakdown for 43 Hutchinson Street, Winthrop MA 02152

Total Gross Income (Calculated)$71,160

Unit 1

Rental Income$2,750

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater, Hot Water), Unit 1(water, Unit 3(water, Unit 2(gas

Unit 2

Rental Income$2,300

LeaseY

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesWater, Hot Water), Unit 1(water, Unit 3(water, Unit 2(gas

Unit 3

Rental Income$880

LeaseY

Bedrooms1

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesWater, Hot Water), Unit 1(water, Unit 3(water, Unit 2(gas

General Information for 43 Hutchinson Street, Winthrop MA 02152

Listing ID73073292

Property TypeMulti Family / 3 Family

Price$925,000 ($292.44/SqFt)

Style3 Family - 3 Units Up/down

CityWinthrop

CountySuffolk

MLS AreaWinthrop Highlands

Neighborhood(s)

Approximate Living Area Total3,163 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking0

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionBlock,Stone

Accessible Features

Outdoor Space

ZoningRES A

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach

Energy Features

Terms

Disclosures for 43 Hutchinson Street, Winthrop MA 02152

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$0

Total Gross Income By Broker$71,160

Total Net Income By Broker$71,160

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 43 Hutchinson Street, Winthrop MA 02152

Real Estate Taxes$8,057.10

Tax Year2023

Assessed Value$753,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$71,160

BostonRealEstate.com Gross Income

Total Net Income By Broker$71,160

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.82%

Location Information for 43 Hutchinson Street, Winthrop MA 02152

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaWinthrop Highlands

Area Amenities

Contact Information for 43 Hutchinson Street, Winthrop MA 02152

Agent

Name: Matthew Wessels

Office

Name: Broad Sound Real Estate, LLC

Phone: 978-423-7782

Payment Calculator

, Interest

Property Taxes 671.43

Principal & Interest 5699.56

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Broad Sound Real Estate, LLC

Matthew Wessels

Agent Phone

Office Phone

(978) 423-7782

Text Agent Call Agent Call Office

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EXIT

Expired

43 Hutchinson Street, Winthrop MA 02152

$925,000

Annual Expenses for 43 Hutchinson Street, Winthrop MA 02152

Annual Income & Unit Breakdown for 43 Hutchinson Street, Winthrop MA 02152

General Information for 43 Hutchinson Street, Winthrop MA 02152

Disclosures for 43 Hutchinson Street, Winthrop MA 02152

Financial Information for 43 Hutchinson Street, Winthrop MA 02152

Location Information for 43 Hutchinson Street, Winthrop MA 02152

Contact Information for 43 Hutchinson Street, Winthrop MA 02152

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Exclusive Listing Agent

Broad Sound Real Estate, LLC

Matthew Wessels