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Expired

18-20 Sculpin Way, Swampscott MA 01907

$800,000

Estimated $1,859.87/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $400,000

Total Rent: 69180/year

Estimated CAP Rate: 6.80%

4 Bedrooms

2 Full, 2 Half Baths

3,500 SqFt

Total Parking: 4

Location, Location, Location! Excellent opportunity for 1st time buyer/investor, or seasoned investor that wants to own a low maintenance rental property. Super convenient walk to beaches, town, restaurants, shops & cafes. MBTA Commuter Rail is located @ mile away. Ideal for commuters to train into Boston or take a day trip to Beverly/Salem/ManchesterbytheSea/Gloucester/Newburyport/Rockport. Projected rents @ $78,000; expenses @ $20k. Projected NOI @ $58k. Ideal buyer that wants to live in one unit; rent out the other. Or rent out both units either short term or long term tenants. Could also condo-convert. These townhouse style units consists of 2 bed/2 bath @1,700sqft. Excellent condition and location. Current rents are $2,800 & $2,965. One tenant is TAW and other tenant lease ends in March. Market rents are closer to $3,200 - $3,300/month. Property can also be purchased w/ adjacent property at 509 Humphrey Street (4 unit mixed-use building) see MLS #

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 1:31am (Source: MLS PIN #73073202)

Gross Income: $69,180

Gross Expenses: $14,762

Net Income Calc: $54,418

CAP Rate: 6.80%

Beach Front

Annual Expenses for 18-20 Sculpin Way, Swampscott MA 01907

Total Gross Expenses (Calculated)$14,762/year

APOD AvailableYes

Heating

Electricity

Water$1,144

Gas$1,144

Insurance$6,866

Sewer$1,144

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,752

Annual Income & Unit Breakdown for 18-20 Sculpin Way, Swampscott MA 01907

Total Gross Income (Calculated)$69,180

Unit 1

Rental Income$2,965

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingNo

Rent Includes

Unit 2

Rental Income$2,800

LeaseY

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

HeatingNo

Rent Includes

General Information for 18-20 Sculpin Way, Swampscott MA 01907

Listing ID73073202

Property TypeMulti Family / 2 Family

Price$800,000 ($228.57/SqFt)

Style2 Family - 2 Units Side By Side

CitySwampscott

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,500 SqFt

Approximate Lot Size (Acres)0

Total Parking4

Garage Parking

Year Built2005

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesEasements, Zero Lot Line

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningB1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesHarbor, Ocean, Beach Front, 0 To 1/10 Mile To Beach

Energy Features

Terms

Disclosures for 18-20 Sculpin Way, Swampscott MA 01907

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$20,000

Total Gross Income By Broker$78,000

Total Net Income By Broker$58,000

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 18-20 Sculpin Way, Swampscott MA 01907

Real Estate Taxes$6,752

Tax Year2022

Assessed Value$526,300

Financial Data Source

Total Gross Expenses By Broker$20,000

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$78,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$58,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.80%

Location Information for 18-20 Sculpin Way, Swampscott MA 01907

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Park, Public Transportation, T-station

Contact Information for 18-20 Sculpin Way, Swampscott MA 01907

Agent

Name: Stephen Martin

Office

Name: Lux Realty North Shore

Phone: 978-922-1000

Payment Calculator

, Interest

Property Taxes 562.67

Principal & Interest 4929.35

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lux Realty North Shore

Stephen Martin

Agent Phone

Office Phone

(978) 922-1000

Text Agent Call Agent Call Office

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    [description] => Location, Location, Location! Excellent opportunity for 1st time buyer/investor, or seasoned investor that wants to own a low maintenance rental property. Super convenient walk to beaches, town, restaurants, shops & cafes. MBTA Commuter Rail is located @ mile away. Ideal for commuters to train into Boston or take a day trip to Beverly/Salem/ManchesterbytheSea/Gloucester/Newburyport/Rockport. Projected rents @ $78,000; expenses @ $20k. Projected NOI @ $58k. Ideal buyer that wants to live in one unit; rent out the other. Or rent out both units either short term or long term tenants. Could also condo-convert. These townhouse style units consists of 2 bed/2 bath @1,700sqft.  Excellent condition and location. Current rents are $2,800 & $2,965. One tenant is TAW and other tenant lease ends in March. Market rents are closer to $3,200 - $3,300/month. Property can also be purchased w/ adjacent property at 509 Humphrey Street (4 unit mixed-use building) see MLS #
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                    [created] => 2024-05-07 01:31:13
                    [modified] => 2024-05-07 01:31:13
                )

[19] => Array
                (
                    [id] => 6905422
                    [name] => MLS20.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73073202&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 01:31:13
                    [modified] => 2024-05-07 01:31:13
                )

[20] => Array
                (
                    [id] => 6905423
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73073202&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 01:31:13
                    [modified] => 2024-05-07 01:31:13
                )

[21] => Array
                (
                    [id] => 6905424
                    [name] => MLS22.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73073202&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 01:31:13
                    [modified] => 2024-05-07 01:31:13
                )

[22] => Array
                (
                    [id] => 6905425
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73073202&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 01:31:13
                    [modified] => 2024-05-07 01:31:13
                )

)

)

EXIT