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Expired

12-24 Pine, Swampscott MA 01907

$1,750,000

Estimated $4,210/month Calculator

Multi Family

Total Units: 21

Price Per Unit: $83,333.33

Total Rent: 0/year

Estimated CAP Rate:

22 Bedrooms

Baths

14984

Total Parking: 29

15,682 (0.36)

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 39 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

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 Tax16472

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

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms

Floor0

Levels in Unit0

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 12-24 Pine, Swampscott MA 01907

Listing ID73065488

Property TypeMulti Family

Price1750000 ($116.79/SqFt)

Style5+ Family - 5+ Units Up/down

CitySwampscott

CountyEssex

Neighborhood(s)

Approximate Living Area Total14984

Approximate Lot Size (Acres)0.36

Total Parking29

Garage Parking0

Year Built1945

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningB1

Water Views

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 12-24 Pine, Swampscott MA 01907

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

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 12-24 Pine, Swampscott MA 01907

Real Estate Taxes16472

Tax Year2022

Assessed Value$710,000

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 12-24 Pine, Swampscott MA 01907

Neighborhood(s)

Area AmenitiesWalk/jog Trails

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

Payment Calculator

, Interest

Property Taxes 1372.67

Principal & Interest 10782.94

HOA Dues

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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EXIT

12 More Photos

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

Payment Calculator

Exclusive Listing Agent

Herrick Lutts Realty Partners

Herrick Lutts Realty Partners