Location, Location, Location! Rare opportunity to purchase 6 units. Consisting of 2 residential units located adjacent at 18-20 Sculpin Way and a 4-unit mixed use building. Ideal property for 1031Exchange Buyer; Long Term Buy & Hold Investor or Condo Conversion Project. ...
This home has been viewed 20 times
Last Checked: May 7th, 2024 at 1:31am (Source: MLS PIN #73073200)
Gross Income: $69,180
Gross Expenses: $12,772
Net Income Calc: $56,408
CAP Rate: 3.13%
Beach Front
Annual Expenses for 511 Humphrey, Swampscott MA 01917
Total Gross Expenses (Calculated)$12,772/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$12,772
Annual Income & Unit Breakdown for 511 Humphrey, Swampscott MA 01917
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
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 4
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
General Information for 511 Humphrey, Swampscott MA 01917
Listing ID73073200
Property TypeMulti Family
Price$1,800,000 ($276.92/SqFt)
Style5+ Family - 5+ Units Up/down
CitySwampscott
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total6,500 SqFt
Approximate Lot Size (Acres)0
Total Parking15
Garage Parking
Year Built1970
Year Built SourceOwner
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot Features
Foundation Area
Foundation DescriptionConcrete Perimeter,Block
Accessible Features
Outdoor Space
ZoningTBD
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 0 To 1/10 Mile To Beach
Energy Features
Terms
Disclosures for 511 Humphrey, Swampscott MA 01917
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourceOther
Title 5
Exclusions
Disclosures
Financial Data SourceEstimated, Owner, Limited Information, Projected
Total Gross Expenses By Broker$58,000
Total Gross Income By Broker$199,800
Total Net Income By Broker$141,801
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 511 Humphrey, Swampscott MA 01917
Real Estate Taxes$12,772
Tax Year2022
Assessed Value
Financial Data SourceEstimated, Owner, Limited Information, Projected
Total Gross Expenses By Broker$58,000
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$199,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$141,801
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)3.13%
Location Information for 511 Humphrey, Swampscott MA 01917
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Public School, Shopping, Golf, Park, Public Transportation, T-station
Contact Information for 511 Humphrey, Swampscott MA 01917