$1,750,000 48 Winthrop Shore Drive Winthrop, MA

MLS: 71714297   Type: Multi-Family   County: Suffolk   City: Winthrop   Zip: 02152   Style: 4 Family - Rooming House   # Rooms: 22    Taxes: $10,797

Mortgage $8,216 /mo



Half Baths

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Formerly Ocean Spray Inn now being used as a 24 room rooming house. Corner lot multi-unit property with main entrance on Winthrop Shore Drive. Right across from Winthrop Beach with ocean views and salt air breezes. Looking Out To The Atlantic Ocean and Minutes To The Airport....Excellent History Of Full Occupancy Rents For Long Term Value. Great value, easy to convert back to an inn or Motel if someone wanted. The seller is negotiable and looking for reasonable offers. The vacancy rate on this property varies. OCEAN FRONT PROPERTY ON WINTHROP BEAUTIFUL BEACH!

Elementary School

Middle School

High School

Distance: N/A Miles
Distance: 1.05 Miles
Distance: 0.76 Miles

Price History

7/17/2014 Listed $2,300,000
4/30/2016 18% - $1,900,000
5/18/2016 8% - $1,750,000

Construction Material Frame
Distance to Beach in Miles 0 to 1/10 Mile
Electrical Equipment/Features 110 Volts
Energy Features Insulated Doors
Levels 3
State Massachusetts
Total Fireplaces 0
Unit 1 Rent 5200
Unit 2 Rent 4550
Unit 3 Rent 4550
Year End Expenses 12/13

Interior Features

Basement Features Full
Bedrooms (1) 3
Bedrooms (2) 3
Bedrooms (3) 3
Fireplaces 0
Flooring Wood
Hot Water Oil
Total Number of Units 22

Exterior Features

Exterior Shingles, Wood
Exterior Features Porch
Foundation Brick
Garage Spaces 0
Roof Asphalt/Composition Shingles
Waterfront Property Ocean

Property Schools

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Gallery (21 photos)

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Property vs Zip Code Avg (02152)

Price 1.75M Avg 803K

Sqr Feet 5,714 Avg 3,250

Cost / Sqr Ft $306 Avg $247

Taxes $10,797 Avg $7,311

Acres 0.11 Avg 0.12

Visits 164 Avg 32

Days on Site 1,017 Avg 208

Walkscore® 51 Avg 53

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Listing Provided Courtesy Of: Tobias Vieira with Regents New England.

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Location & Address

eXp Realty Massachusetts
190 Haverhill St, #336
Methuen, MA