Martha Rollins & Lisa Scourtas Close Multifamily Sale In Swampscott For $1.435M
12 Maple Avenue & 14 Maple Avenue
$1,435,000
$170/SF
Building Size
8,400 SF
Asset Type
MultiFamily
Closing
Apr 2, 2024
AI
The property at 12-14 Maple Ave in Swampscott, MA 01907, comprises two homes on one lot, a two-family with 5 bedrooms and a single-family with 3 bedrooms. It was sold for $1,435,000, offering in-unit laundry, ample storage, and off-street parking. These units provide excellent income potential or multi-generational living options.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,435,000
- Units: 2
- Price Per Unit: $717,500
- Square Footage: 4,200
- Price Per Square Foot: $342
- Address: 12-14 Maple Avenue
- Market: Swampscott, MA
The buyer's representative in this transaction was Martha Rollins from Gibson Sotheby's International Realty, while the seller's representative was Lisa Scourtas from Re/Max 360.
Players
Swampscott MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.05%
Cash-on-Cash
-3.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93