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80 Read Street, Winthrop MA 02152

$699,000

Estimated $1,652.02/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,500

Total Rent: 0/year

Estimated CAP Rate: -0.89%

5 Bedrooms

2 Full Baths

2,500 SqFt

Total Parking: 3

4,792 SqFt

Welcome to 80 Read Street. This property is available for the first time in decades, and offers an opportunity for a first-time Buyer or seasoned investor to snag an entry level income property. At a manageable ~2500sqft, this two family property features two units with two bedrooms each. Unit #1 is a traditional flat, with single level living. Upstairs, Unit #2 has a bonus room on the third floor. This room has been used as a bedroom in the past, but is well suited for a home office or extra storage. Winthrop is a gorgeous seaside community, just a couple miles from Downtown Boston. The MBTA Blue Line Station at Orient Heights is a short stroll from 80 Read Street, and the bus stops right at the end of the street.

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 5:46am (Source: MLS PIN #73096784)

Gross Income: $0

Gross Expenses: $6,223

Net Income Calc: $6,223

CAP Rate: -0.89%

Beach Front

Annual Expenses for 80 Read Street, Winthrop MA 02152

Total Gross Expenses (Calculated)$6,223/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,223.12

Annual Income & Unit Breakdown for 80 Read Street, Winthrop MA 02152

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 80 Read Street, Winthrop MA 02152

Listing ID73096784

Property TypeMulti Family / 2 Family

Price$699,000 ($279.6/SqFt)

Style2 Family - 2 Units Up/down

CityWinthrop

CountySuffolk

MLS AreaWinthrop Center

Neighborhood(s)

Approximate Living Area Total2,500 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking3

Garage Parking

Year Built1926

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel, Cleared

Foundation Area

Foundation DescriptionBlock

Accessible Features

Outdoor Space

ZoningR1

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 80 Read Street, Winthrop MA 02152

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureEstimated. Buyer to verify.

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

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 80 Read Street, Winthrop MA 02152

Real Estate Taxes$6,223.12

Tax Year2023

Assessed Value$581,600

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.89%

Location Information for 80 Read Street, Winthrop MA 02152

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaWinthrop Center

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s), Marina

Contact Information for 80 Read Street, Winthrop MA 02152

Agent

Name: Stephen Hines

Office

Name: Lantern Residential

Phone: 617-207-1974

Payment Calculator

, Interest

Property Taxes 518.59

Principal & Interest 4307.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lantern Residential

Stephen Hines

Agent Phone

Office Phone

(617) 207-1974

Text Agent Call Agent Call Office

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EXIT