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Closed

46 Winthrop Ave, Beverly MA 01915

$739,900

Estimated $1,715.82/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $369,950

Total Rent: 48000/year

Estimated CAP Rate: 5.65%

4 Bedrooms

2 Full Baths

1,986 SqFt

Total Parking: 4

5,957 SqFt

First Showings at this Saturday and Sunday's Open Houses from 11am to 1pm. Pristine and impeccably maintained 2 unit multi family located in Beverly's Ryal Side neighborhood. Identical units 6 rooms over 6, the office/den could be used as a 3rd bedroom if needed. New natural gas heating systems and water heaters. Each unit has 2 decks/balconies, large level fenced yard with shed. Separate utilities, each unit has it's own washer and dryer. Currently the first floor unit is rented to an A + tenant for 8 years on a month to month lease at $2,000. The second floor is empty waiting for owner occupied or new tenant. Opportunities for an investment like this do not come often! Offers due Monday at 6pm and will be reviewed Tuesday 4/18.

This home has been viewed 25 times

Last Checked: May 7th, 2024 at 4:50am (Source: MLS PIN #73098026)

Gross Income: $48,000

Gross Expenses: $6,193

Net Income Calc: $41,807

CAP Rate: 5.65%

Beach Front

Annual Expenses for 46 Winthrop Ave, Beverly MA 01915

Total Gross Expenses (Calculated)$6,193/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,193

Annual Income & Unit Breakdown for 46 Winthrop Ave, Beverly MA 01915

Total Gross Income (Calculated)$48,000

Unit 1

Rental Income$2,000

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

Unit 2

Rental Income$2,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water)

General Information for 46 Winthrop Ave, Beverly MA 01915

Listing ID73098026

Property TypeMulti Family

Price$739,900 ($372.56/SqFt)

StyleMulti Family

CityBeverly

CountyEssex

MLS AreaRyal Side

Neighborhood(s)Ipswich

Approximate Living Area Total1,986 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking4

Garage Parking

Year Built1930

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionConcrete Perimeter,Block

Accessible Features

Outdoor Space

ZoningR10

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

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

Energy Features

Terms

Disclosures for 46 Winthrop Ave, Beverly MA 01915

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$48,000

Total Net Income By Broker$48,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 46 Winthrop Ave, Beverly MA 01915

Real Estate Taxes$6,193

Tax Year2023

Assessed Value$550,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$48,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$48,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.65%

Location Information for 46 Winthrop Ave, Beverly MA 01915

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS AreaRyal Side

Area Amenities

Contact Information for 46 Winthrop Ave, Beverly MA 01915

Agent

Name: Philip Dennesen

Office

Name: Keller Williams Realty Evolution

Phone: 978-927-8700

Team Members

Name: Robin O'Donnell

Phone: 978-979-1842

Payment Calculator

, Interest

Property Taxes 516.08

Principal & Interest 4559.03

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Evolution

Philip Dennesen

Agent Phone

Office Phone

(978) 927-8700

Text Agent Call Agent Call Office

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                    [modified] => 2024-05-07 04:51:01
                )

[19] => Array
                (
                    [id] => 7274597
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[20] => Array
                (
                    [id] => 7274598
                    [name] => MLS21.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[21] => Array
                (
                    [id] => 7274599
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[22] => Array
                (
                    [id] => 7274600
                    [name] => MLS23.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[23] => Array
                (
                    [id] => 7274601
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[24] => Array
                (
                    [id] => 7274602
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[25] => Array
                (
                    [id] => 7274603
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[26] => Array
                (
                    [id] => 7274604
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[27] => Array
                (
                    [id] => 7274605
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[28] => Array
                (
                    [id] => 7274606
                    [name] => MLS29.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=29
                    [index] => 29
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[29] => Array
                (
                    [id] => 7274607
                    [name] => MLS30.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=30
                    [index] => 30
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

[30] => Array
                (
                    [id] => 7274608
                    [name] => MLS31.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73098026&w=1024&h=768&n=31
                    [index] => 31
                    [enabled] => 1
                    [created] => 2024-05-07 04:51:01
                    [modified] => 2024-05-07 04:51:01
                )

)

)

EXIT