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Closed

98 Pine St, Swampscott MA 01907

$750,000

Estimated $1,870.70/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $375,000

Total Rent: 28800/year

Estimated CAP Rate: 2.79%

5 Bedrooms

2 Full Baths

2,033 SqFt

Total Parking: 8

9,235 SqFt

This elegant two-family home effortlessly blends classic charm with modern updates. Highlights include renovated kitchens and updated bath, and in-unit laundry on both units to ensure that the home is move-in ready. Sitting on a spacious, oversized lot, this property provides endless possibilities. Relax under the charming pergola, surrounded by lush greenery and tranquility. Located in a commuter's paradise, this home is just steps from the train station, offering easy access to downtown Boston or a weekend getaway to Rockport. It's just a short distance from one of the North Shore's best beach strolls, where you can take in breathtaking views and enjoy the warm sun. The attic and basement offer ample storage or finishing potential, providing you with the flexibility to create an extra living space, home gym, or office to suit your needs. Whether you're a first-time homebuyer or an investor searching for your next rental property, don't miss out on this opportunity!

This home has been viewed 38 times

Last Checked: May 7th, 2024 at 3:01am (Source: MLS PIN #73085681)

Gross Income: $28,800

Gross Expenses: $7,855

Net Income Calc: $20,945

CAP Rate: 2.79%

Beach Front

Annual Expenses for 98 Pine St, Swampscott MA 01907

Total Gross Expenses (Calculated)$7,855/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,855

Annual Income & Unit Breakdown for 98 Pine St, Swampscott MA 01907

Total Gross Income (Calculated)$28,800

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesUnit 2(water)

Unit 2

Rental Income$2,400

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent IncludesUnit 2(water)

General Information for 98 Pine St, Swampscott MA 01907

Listing ID73085681

Property TypeMulti Family

Price$750,000 ($368.91/SqFt)

StyleMulti Family

CitySwampscott

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,033 SqFt

Approximate Lot Size (Acres)0.21 acres

Total Parking8

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsUnknown/Mixed

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningA3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBay, Walk To, Beach Front, Beach Ownership(public), 3/10 To 1/2 Mile To Beach

Energy Features

Terms

Disclosures for 98 Pine St, 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$0

Total Gross Income By Broker$28,800

Total Net Income By Broker$28,800

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 98 Pine St, Swampscott MA 01907

Real Estate Taxes$7,855

Tax Year2022

Assessed Value$612,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$28,800

BostonRealEstate.com Gross Income

Total Net Income By Broker$28,800

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.79%

Location Information for 98 Pine St, Swampscott MA 01907

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Park, Public Transportation

Contact Information for 98 Pine St, Swampscott MA 01907

Agent

Name: Federico Creatini

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 654.58

Principal & Interest 4621.26

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Federico Creatini

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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                )

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                )

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                )

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                )

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                )

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                )

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                )

)

)

EXIT