Great investment opportunity in Winthrop! This property is a 4 family property offering strong rental income potential in a prime location. Each unit features, separate utilities for easy management. The property includes off-street parking, 8-10 spots on large lot, adding to its appeal. Recent updates include newer roof. Located just minutes from Boston, Logan Airport, and public transportation, this home is steps from beaches, parks, and local restaurants, making it highly desirable for tenants. Whether you're an investor or an owner-occupant looking for additional income, this multi-family is a fantastic opportunity in a thriving seaside community.This fully occupied four-family property features reliable, long-term tenants who pay on time and take great care of their units, making it a stress-free investment. With strong rental history and a well-maintained building, this is a rare opportunity for steady income.
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Last Updated: March 10th, 2025 at 4:28am
Gross Income: $92,400
Gross Expenses: $11,984
Net Income Calc: $80,416
CAP Rate: 5.96%
Beach Front
Annual Expenses for 36-38 Summit Ave, Winthrop MA 02152
Total Gross Expenses (Calculated)$11,984/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$11,984
Annual Income & Unit Breakdown for 36-38 Summit Ave, Winthrop MA 02152
Total Gross Income (Calculated)$92,400
Unit 1
Rental Income1750
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income2300
LeaseN
Bedrooms4
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingNo
Rent Includes
Unit 3
Rental Income1750
LeaseN
Bedrooms1
Bathrooms1 Full
Floor
Levels in Unit
HeatingNo
Rent Includes
Unit 4
Rental Income1900
LeaseN
Bedrooms1
Bathrooms1 Full
Floor
Levels in Unit
HeatingNo
Rent Includes
General Information for 36-38 Summit Ave, Winthrop MA 02152
Listing ID73341917
Property TypeMulti Family / 4 Family
Price$1,350,000 ($270.27/SqFt)
Style
CityWinthrop
CountySuffolk
MLS Area
Neighborhood(s)
Approximate Living Area Total4,995 SqFt
Approximate Lot Size (Acres)0.26 acres
Total Parking10
Garage Parking
Year Built1900
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
Zoningres
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 3/10 To 1/2 Mile To Beach
Energy Features
Terms
Interior Features for 36-38 Summit Ave, Winthrop MA 02152
Disclosures for 36-38 Summit Ave, 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$92,400
Total Net Income By Broker$92,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Location Information for 36-38 Summit Ave, Winthrop MA 02152
Elementary SchoolAtc/Fort
Middle SchoolWms
High SchoolWhs
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Tennis Court(s), Marina
Contact Information for 36-38 Summit Ave, Winthrop MA 02152