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Expired

12-24 Pine, Swampscott MA 01907

$1,750,000

Estimated $4,210.29/month Calculator

Multi Family

Total Units: 21

Price Per Unit: $83,333.33

Total Rent: 0/year

Estimated CAP Rate: -0.94%

22 Bedrooms

21 Full Baths

14,984 SqFt

Total Parking: 29

15,682 SqFt

12-24 Pine Street is a +/- 15,000sqft Manufacturing Building located less than a half mile from the Swampscott Commuter rail in one direction and a half mile to the beach in the other direction. Current ownership has been granted a special permit to demolish the existing building and construct a new three story building containing 21 residential dwelling units. The new building would contain a parking level on the first floor with 29 garage parking spaces. On the second and third floor(s) the unit mixture is (14) 1 bedroom units, (4) 2 bedroom units, and (3) studio units. Take advantage of this development opportunity that you seldom see in the open marketplace. Property to be sold as is with current decision from the Swampscott zoning board of appeals. Buyer is responsible to obtain full architectural plans & building permit. Phase 1 available upon request.

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 5:01am (Source: MLS PIN #73065488)

Gross Income: $0

Gross Expenses: $16,472

Net Income Calc: $16,472

CAP Rate: -0.94%

Beach Front

Annual Expenses for 12-24 Pine, Swampscott MA 01907

Total Gross Expenses (Calculated)$16,472/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$16,472

Annual Income & Unit Breakdown for 12-24 Pine, Swampscott MA 01907

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 12-24 Pine, Swampscott MA 01907

Listing ID73065488

Property TypeMulti Family

Price$1,750,000 ($116.79/SqFt)

Style5+ Family - 5+ Units Up/down

CitySwampscott

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total14,984 SqFt

Approximate Lot Size (Acres)0.36 acres

Total Parking29

Garage Parking

Year Built1945

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionSlab

Accessible Features

Outdoor Space

ZoningB1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, 3/10 To 1/2 Mile To Beach

Energy Features

Terms

Disclosures for 12-24 Pine, 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$0

Total Net Income By Broker$0

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 12-24 Pine, Swampscott MA 01907

Real Estate Taxes$16,472

Tax Year2022

Assessed Value$710,000

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.94%

Location Information for 12-24 Pine, Swampscott MA 01907

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesShopping, Public Transportation, T-station

Contact Information for 12-24 Pine, Swampscott MA 01907

Agent

Name: Herrick Lutts Realty Partners

Office

Name: Herrick Lutts Realty Partners

Phone: 978-927-1959

Team Members

Name: Jason Grzybek

Phone: 978-430-2881

Payment Calculator

, Interest

Property Taxes 1372.67

Principal & Interest 10782.94

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Herrick Lutts Realty Partners

Agent Phone

Office Phone

(978) 927-1959

Text Agent Call Agent Call Office

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    [description] => 12-24 Pine Street is a +/- 15,000sqft Manufacturing Building located less than a half mile from the Swampscott Commuter rail in one direction and a half mile to the beach in the other direction. Current ownership has been granted a special permit to demolish the existing building and construct a new three story building containing 21 residential dwelling units. The new building would contain a parking level on the first floor with 29 garage parking spaces. On the second and third floor(s) the unit mixture is (14) 1 bedroom units, (4) 2 bedroom units, and (3) studio units. Take advantage of this development opportunity that you seldom see in the open marketplace. Property to be sold as is with current decision from the Swampscott zoning board of appeals. Buyer is responsible to obtain full architectural plans & building permit. Phase 1 available upon request.
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[terms] => Array
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[uffi] => Array
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    [zip] => 01907
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EXIT

Expired

12-24 Pine, Swampscott MA 01907

$1,750,000

Annual Expenses for 12-24 Pine, Swampscott MA 01907

Annual Income & Unit Breakdown for 12-24 Pine, Swampscott MA 01907

General Information for 12-24 Pine, Swampscott MA 01907

Disclosures for 12-24 Pine, Swampscott MA 01907

Financial Information for 12-24 Pine, Swampscott MA 01907

Location Information for 12-24 Pine, Swampscott MA 01907

Contact Information for 12-24 Pine, Swampscott MA 01907

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners