205 BurrillSwampscott, MA 01907MLS Number 72186517

  • Sale Price: $389,000
  • 184 Days Since Sale
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Federal 30-year interest rate: 3.94% last updated on Dec 21, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.03Acreage
  • 1900Year Built
  • YesLease
  • 205-207Street No

Driving Directions

Fabulous income opportunity - mixed-use retail and residential property fully rented and updated.This well-located building has a first floor retail space currently used as a liquor store and rented at $1,500/month until the year 2035 with rent increases starting in year 10. Plenty of street parking, great foot traffic, directly facing the Swampscott Commuter Rail Station with central heat & AC, half bath, storage area, refrigeration and "kitchen" washing area. The upstairs residential unit includes 2 spacious bedrooms (one with a large walk-in closet), a bright and sunny kitchen w/ all white cabinetry and gas cooking, 1 full updated bath, a living room/dining area combination with rich wood flooring and moldings, a back staircase storage area with washer/dryer, central heat & AC, all separate utilities. The upstairs unit is currently rented for $1,575/month through Aug. 2017. Easily rentable with commuter rail across the street and Salem State University within close proximity.

Listed by Cressy Team of J. Barrett & Company

Listing Sold by Trust Real Estate Corp

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More Info

Basic Information

  • List Price$399,000
  • Sale Price$389,000
  • StatusSLD
  • Year Built SourcePublic Record
  • Year Built1900
  • LeaseYes
  • Date Listed06/21/2017
  • DirectionDirectly across from Swampscott commuter rail station
  • MLS Number72186517
  • Status Date2017-11-01T09:21:00

Photos

  • Photo Date2017-06-21T09:17:00
  • Number of Photos3

Other

  • Modification Date2017-11-01T09:21:00
  • Property TypeCommercial
  • Listing AlertNo
  • DisclosureNo
  • Book31538
  • Listing AgreementExclusive Right to Sell
  • Rsf Bldg Sf1100
  • Prop TypeCI
  • Ref Bldg Sf1100
  • ExchangeNo
  • Firm Rmk1There is currently a 20 year lease on the retail space on the first floor. After year 10 there is a rent increase to $1,700/month and in year 16 an increase to $1,850/month.
  • Page516
  • Sale Date10/20/2017
  • View Count17

Location

  • Street No205-207
  • Building Number205
  • StreetBurrill
  • Zip01907
  • StateMA
  • CountyEssex
  • LocationPublic Transportation, Neighborhood
  • TownSwampscott

Utilities

  • UtilitiesPublic Water, Public Sewer

Building

  • No Buildings1
  • No Stories2
  • Entry OnlyNo
  • Assessed Value Bldg140900
  • Rsu Units1
  • Reu Units1

Property

  • Acreage0.03
  • Net Operating Inc29572
  • Parking Spaces
  • Space AvailableFor Sale
  • SubletNo
  • Gross Annual Exp4252
  • Gross Annual Income33825
  • Lot Size1393
  • Assessed Value Land66700
  • Main SoAN2054
  • Main LoC95243
Sagan Harborside Sotheby's International Realty
Office: 781-593-6111
300 Salem Street
Swampscott, MA 01907

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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