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6 New Ocean Street, Swampscott, MA 01907

9 Bed, 9 Bath Multi-Family Home For Sale

6 New Ocean Street, Swampscott, MA 01907 House For Sale - MLS #72404524
Off the Market
$1,390,000
9
9
Multi-Family
5+ Family
9

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Property Description for 6 New Ocean Street, Swampscott, MA 01907

THURSDAY 10/11 OPEN HOUSE CANCELED! Once in a life time investment opportunity in Swampscott 2 blocks from the beach. 9, 1 bed units with 11 parking spots, coin op washer dryer in basement. Current owner has done an excellent job maintaining the property. Complete kitchen renovations in units 3 and 7.Updated bathrooms in units 1 and 2. NEW refrigerator in unit 4, coin op washer dryer and both water tanks replaced as well as 17 windows in various units. New roof (flat rubber roof not changed out). Room for growth in rent rolls. Currently a 6.55% CAP NOI is $91,00.00. Perfect for a new or seasoned investor.

Interior Details

5,135 sq. ft.
$270.69/sq. ft.

Exterior Details

0.17 acres
7,479 sq. ft.
11

Other Details

72404524
1910

Units Description

Unit #1
Rooms: 4      Bedrooms: 1      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $1,350      Lease: Yes

Unit #2
Rooms: 4      Bedrooms: 1      Full / Half Baths: 1      Rent: $1,200      Lease: Yes

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Monthly Mortgage Payments

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MBTA> Stations Stops

Swampscott
0.33 miles
Lynn
1.35 miles
River Works
2.89 miles
Salem
3.98 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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