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12 Maple Avenue

Martha Rollins & Lisa Scourtas Close Multifamily Sale In Swampscott For $1.435M
SOLDMultiFamily

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

Lisa Scourtas

Re/Max

Broker

$2.7M

vol

2 deals

Broker

Swampscott MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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