Location, Location, Location! Rare opportunity to purchase a 4 unit mixed-use building. (2 residential units; 2 commercial units) 3 out of the 4 units will be delivered vacant which makes it an ideal Condo Conversion Project or Excellent property for 1031 Exchange Buyer. Ver...
This home has been viewed 19 times
Last Checked: May 7th, 2024 at 1:31am (Source: MLS PIN #73073201)
Gross Income: $121,800
Gross Expenses: $25,649
Net Income Calc: $96,151
CAP Rate: 9.62%
Water Views
Beach Front
Annual Expenses for 509 Humphrey St, Swampscott MA 01907
Total Gross Expenses (Calculated)$25,649/year
APOD AvailableYes
Heating
Electricity$400
Water$1,588
Gas$1,588
Insurance$11,769
Sewer$1,588
Trash Removal
Repair & Maintenance$2,500
Management
Miscellaneous
Real Estate Tax$9,392.84
Annual Income & Unit Breakdown for 509 Humphrey St, Swampscott MA 01907
Total Gross Income (Calculated)$121,800
Unit 1
Rental Income$2,050
LeaseY
Bedrooms0
Bathrooms1 Half
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,500
LeaseN
Bedrooms0
Bathrooms1 Half
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$2,800
LeaseN
Bedrooms3
Bathrooms3 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income$2,800
LeaseN
Bedrooms3
Bathrooms3 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 509 Humphrey St, Swampscott MA 01907
Listing ID73073201
Property TypeMulti Family / 4 Family
Price$1,000,000 ($232.77/SqFt)
Style4 Family - 4 Units Up/down
CitySwampscott
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total4,296 SqFt
Approximate Lot Size (Acres)0.22 acres
Total Parking15
Garage Parking
Year Built1973
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesLevel
Foundation Area
Foundation DescriptionConcrete Perimeter,Block
Accessible Features
Outdoor Space
ZoningA2
Zoning Details
Water ViewsYes
Water Views Features
WaterfrontNo
Waterfront FeaturesHarbor, Ocean, Walk To, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach
Energy Features
Terms
Disclosures for 509 Humphrey St, Swampscott MA 01907
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated, Pro. Forma Available, Other (see Remarks), Projected
Total Gross Expenses By Broker$29,000
Total Gross Income By Broker$123,000
Total Net Income By Broker$94,000
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 509 Humphrey St, Swampscott MA 01907
Real Estate Taxes$9,392.84
Tax Year2022
Assessed Value$732,100
Financial Data SourceEstimated, Pro. Forma Available, Other (see Remarks), Projected
Total Gross Expenses By Broker$29,000
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$123,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$94,000
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)9.62%
Location Information for 509 Humphrey St, Swampscott MA 01907
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesPublic School, Shopping, Golf, Park, Laundromat, Public Transportation, T-station
Contact Information for 509 Humphrey St, Swampscott MA 01907