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5 Wave way - Wave Way Ave Apartments 6 Unit Apartment Building Offered at $1,659,000 Winthrop, MA 02152
INVESTMENT HIGHLIGHTS
- Six Unit Multifamily Property
- Two Parking Spaces
- Winthrop Beach Submarket
- One Bedroom Floor Plans
- Opportunity Zone
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present The Wave Way Ave Apartments located at 5 Wave Way Ave, Winthrop, MA.
Built in 1900, this 6-unit, three-story mid-rise apartment building offers 6,902 square feet of GBA on a 3,485 SF lot (0.08 acres). The property features masonry construction, individually metered utilities, and a walk-up layout, with a mix of one-bedroom apartments. Parking includes two surface spaces, residents enjoy easy access to neighborhood restaurants, shops, marinas, and direct beach access. The property benefits from its location in a designated Opportunity Zone, offering investment and redevelopment incentives. The property is currently 100% occupied with market-rate tenants, and comparable submarket rents average over $2,100 per unit. New owners can add value thru interior renovations, capital improvements & market rents.
All interested and qualified parties will have the opportunity to tour the building during scheduled appointments and obtain additional information upon request.
Built in 1900, this 6-unit, three-story mid-rise apartment building offers 6,902 square feet of GBA on a 3,485 SF lot (0.08 acres). The property features masonry construction, individually metered utilities, and a walk-up layout, with a mix of one-bedroom apartments. Parking includes two surface spaces, residents enjoy easy access to neighborhood restaurants, shops, marinas, and direct beach access. The property benefits from its location in a designated Opportunity Zone, offering investment and redevelopment incentives. The property is currently 100% occupied with market-rate tenants, and comparable submarket rents average over $2,100 per unit. New owners can add value thru interior renovations, capital improvements & market rents.
All interested and qualified parties will have the opportunity to tour the building during scheduled appointments and obtain additional information upon request.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,659,000 | Building Size | 6,902 SF |
| Price Per Unit | $276,500 | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1900 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $1,659,000 |
| Price Per Unit | $276,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 6,902 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
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Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | WINT-000046-000000-000094 | Improvements Assessment | $878,700 |
| Land Assessment | $318,800 | Total Assessment | $1,197,500 |
PROPERTY TAXES
Parcel Number
WINT-000046-000000-000094
Land Assessment
$318,800
Improvements Assessment
$878,700
Total Assessment
$1,197,500
CONTACTS
-
Francis Saenz -
Drew Kirkland -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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5 Wave way - Wave Way Ave Apartments
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