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29-31 Undine Ave, Winthrop MA 02152

$450,000

Estimated $1,091.75/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $225,000

Total Rent: 48000/year

Estimated CAP Rate: 9.70%

2 Bedrooms

2 Full Baths

1,300 SqFt

Total Parking: 6

4,675 SqFt

Offers due Monday May 29th, at 3pm, please allow 24 hours for review. Welcome to 29-31 Undine Ave in Winthrop, MA! This property offers a charming coastal living experience in a prime location. Nestled down the point, this residence features two separate units, each with one bedroom and one bathroom, providing flexibility and privacy for residents. There is ample off-street parking, additional storage, and yard space for both units. Residents can enjoy the proximity to Coughlin Park, Deer Island, and the beautiful Yirrel Beach close by. Whether you're a beach lover or someone who appreciates the convenience of living near Boston, these units are an ideal choice for those looking for a multi-family.

This home has been viewed 19 times

Last Checked: May 7th, 2024 at 7:45am (Source: MLS PIN #73114834)

Gross Income: $48,000

Gross Expenses: $4,345

Net Income Calc: $43,655

CAP Rate: 9.70%

Water Views

Beach Front

Annual Expenses for 29-31 Undine Ave, Winthrop MA 02152

Total Gross Expenses (Calculated)$4,345/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,345

Annual Income & Unit Breakdown for 29-31 Undine Ave, Winthrop MA 02152

Total Gross Income (Calculated)$48,000

Unit 1

Rental Income$2,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

General Information for 29-31 Undine Ave, Winthrop MA 02152

Listing ID73114834

Property TypeMulti Family

Price$450,000 ($346.15/SqFt)

StyleMulti Family

CityWinthrop

CountySuffolk

MLS AreaPoint Shirley

Neighborhood(s)

Approximate Living Area Total1,300 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking6

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionSlab,Irregular

Accessible Features

Outdoor Space

Zoningr

Zoning Details

Water ViewsYes

Water Views Features

WaterfrontNo

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

Energy Features

Terms

Disclosures for 29-31 Undine Ave, Winthrop MA 02152

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasured with floor plans

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

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 Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 29-31 Undine Ave, Winthrop MA 02152

Real Estate Taxes$4,345

Tax Year2023

Assessed Value$406,100

Financial Data SourceEstimated

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)9.70%

Location Information for 29-31 Undine Ave, Winthrop MA 02152

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaPoint Shirley

Area AmenitiesConservation Area, House Of Worship, Public School, Shopping, Golf, Park, Laundromat, Bike Path, Public Transportation, Tennis Court(s), Marina

Contact Information for 29-31 Undine Ave, Winthrop MA 02152

Agent

Name: The Reference Group

Office

Name: Reference Real Estate

Phone: 781-342-0052

Team Members

Name: Seth Williams

Phone: 617-680-9322

Payment Calculator

, Interest

Property Taxes 362.08

Principal & Interest 2772.76

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Reference Real Estate

The Reference Group

Agent Phone

Office Phone

(781) 342-0052

Text Agent Call Agent Call Office

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                    [enabled] => 1
                    [created] => 2024-05-07 07:46:06
                    [modified] => 2024-05-07 07:46:06
                )

[19] => Array
                (
                    [id] => 7610882
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73114834&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 07:46:06
                    [modified] => 2024-05-07 07:46:06
                )

[20] => Array
                (
                    [id] => 7610883
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73114834&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 07:46:06
                    [modified] => 2024-05-07 07:46:06
                )

[21] => Array
                (
                    [id] => 7610884
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73114834&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 07:46:06
                    [modified] => 2024-05-07 07:46:06
                )

)

)

EXIT