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499&509 Humphrey St Swampscott, MA 01907
Listing 72123951
  • Beds 6
  • Baths 6
  • sqft 13,500
$2,125,000
  • Status Sold
  • Property Type Multi-family
  • Sold Date July 21 2017

About This Property

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.

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