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499 & 509 Humphrey St, Swampscott, MA 01907

18 Bed, 7+ Bath Multi-Family Home For Sale

499 & 509 Humphrey St, Swampscott, MA 01907 House For Sale - MLS #72123951
$2,100,000
18
7 Full Bath, 6 Half Bath
Multi-Family
5+ Family
11

Property Description for 499 & 509 Humphrey St, Swampscott, MA 01907

Location, Location, Location. Rare opportunity to buy this 11 unit mixed-use portfolio (7 residential - 4 commercial units) very desirable location. Over 13,000+ sqft of rent-able space. 3 meticulously maintained buildings on almost ½ acre lot (portfolio consists of a 2 unit at 18 Sculpin Way, 4 unit at 509 Humphrey St, and 5 unit at 499 Humphrey St all are on adjacent lots). Properties have it ALL, need nothing. Absolutely turn-key opportunity. Walk to beaches, walk to in-town restaurants, shops and cafes. Commuter rail to Boston only @ 1 mile away. Property managed by same owner for 45+ years. Pride of ownership throughout. Current rent roll below market $197,700. Low operating expenses of $49,000. Parking for 25+ cars; very rare for residential/commercial zone. Downtown Boston 12.5 miles away. Conveniently located on Bus Route. Buyer to perform own due diligence. No representation are made by seller or listing agent. Great long term buy and hold.

Interior Details

13,500 sq. ft.
$155.56/sq. ft.

Exterior Details

0.42 acres
18,338 sq. ft.
25

Other Details

72123951
1900

Units Description

Unit #1
Rooms: 6      Bedrooms: 3      Full / Half Baths: 2 / 1      Levels: 2      Floor: 1      Rent: $1,800     

Unit #2
Rooms: 6      Bedrooms: 3      Full / Half Baths: 2 / 1      Levels: 2      Rent: $1,900     

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Monthly Mortgage Payments

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MBTA> Stations Stops

Swampscott
0.92 miles
Lynn
2.17 miles
River Works
3.69 miles
Salem
3.90 miles

Town Description

Swampscott is a small picturesque seaside community north of Boston. It is home to many Boston commuters, a large number of whom board the Boston bound train each morning from one of the last...

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