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Expired

18-20 Sculpin Way, Swampscott MA 01907

$800,000

Estimated $1,860/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $400,000

Total Rent: 69180/year

Estimated CAP Rate:

4 Bedrooms

Baths

3500

Total Parking: 4

0 (0.00)

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 32 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

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

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

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6752

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

Total Gross Income (Calculated)$69,180

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms2

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit2

Rent Includes

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

Listing ID73073202

Property TypeMulti Family / 2 Family

Price800000 ($228.57/SqFt)

Style2 Family - 2 Units Side By Side

CitySwampscott

CountyEssex

Neighborhood(s)

Approximate Living Area Total3500

Approximate Lot Size (Acres)0

Total Parking4

Garage Parking0

Year Built2005

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB1

Water Views

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 18-20 Sculpin Way, Swampscott MA 01907

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsPersonal Belongings

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnNet Sale Price

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

Real Estate Taxes6752

Tax Year2022

Assessed Value$526,300

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

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

Neighborhood(s)

Area AmenitiesWalk/jog Trails

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

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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EXIT

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