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47 Laurel St

Weymouth, MA 02189
  • $599,000
  • STATUS: Active
  • MLS #: 73149597
UPDATED: 45 min ago
$599,000
  • 3
    BEDS
  • 0.23
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,510
    SQFT
  • $397
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1878
County:

School Information

Elementary School:
Wps
Middle School:
Wps
High School:
Wps
Listing courtesy of Michael Mahoney of Real Broker Ma, Llc.

Description

Call and well get you in. About to pay 2k/month to a landlord...for slightly more than 2k a month, you can become the landlord and pay yourself. The average rent on a 2 bed in Weymouth right now is $2400/month. The average 1 bed unit runs about $1800. Purchase this property and live one unit and have the tenant pay half of your mortgage even with current interest rates. When rates come down, refinance it and reap an even bigger reward. Fast forward 15 years, you held the property...you decide you want to pay a college tuition or fund a retirement - you have essentially paid down half the mortgage even before the appreciation on this property. With 2 distinct units, this property presents a fantastic opportunity for the owner occupant with rental income or a flexible multigenerational living arrangement. The Jackson Square area is being slated for rejuvenation. People love the location with it's proximity to the commuter rail, Hingham & all the South Shore

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The property listing data and information 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 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 set forth herein. Data last updated 2023-09-26T15:04:53.153.
www.coastalnewenglandproperties.com/homes/142536021
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47 Laurel St Weymouth, MA 02189

  • Price: $599,000
  • Status: Active
  • On Site: Days
  • Updated: 45 min ago
  • MLS #: 73149597
3
Beds
2
Baths
0
½ Baths
0.23
Acres
1,510
SQFT
$397
$/SQFT
1878
Built
Neighborhood:
Jackson Square
County:
Norfolk
Area:
Jackson Square
Elementary School:
Wps
Middle School:
Wps
High School:
Wps
Property Description
Call and well get you in. About to pay 2k/month to a landlord...for slightly more than 2k a month, you can become the landlord and pay yourself. The average rent on a 2 bed in Weymouth right now is $2400/month. The average 1 bed unit runs about $1800. Purchase this property and live one unit and have the tenant pay half of your mortgage even with current interest rates. When rates come down, refinance it and reap an even bigger reward. Fast forward 15 years, you held the property...you decide you want to pay a college tuition or fund a retirement - you have essentially paid down half the mortgage even before the appreciation on this property. With 2 distinct units, this property presents a fantastic opportunity for the owner occupant with rental income or a flexible multigenerational living arrangement. The Jackson Square area is being slated for rejuvenation. People love the location with it's proximity to the commuter rail, Hingham & all the South Shore
Exterior Features

Construction Materials Frame Covered Spaces 0 Exterior Features PorchGuttersScreens Garage YN No Lot Features Level Open Parking YN Yes Parking Features Off StreetTandemAssignedPaved Parking Total 6 Patio And Porch Features Porch Road Frontage Type Public Roof ShingleMetal Spa YN No Waterfront Features Beach FrontRiver1 To 2 Mile To BeachBeach Ownership(Public) Waterfront YN No

Interior Features

Appliances Unit 1(RangeRefrigerator)Unit 2(RangeRefrigerator) Basement FullInterior EntryUnfinished Building Area Total 1510 Cooling Units 0 Cooling Zones 0 Fireplace YN No Fireplaces Total 0 Flooring WoodVinylLaminate Foundation Details Granite Heat Units 2 Heat Zones 2 Interior Features Unit 1 Rooms(Living RoomDining RoomKitchen)Unit 2 Rooms(Living RoomKitchen) Lead Paint Unknown Rooms Total 9 Window Features Insulated WindowsScreens

Property Features

Buyer Agency Compensation 2 Community Features Public TransportationShoppingMedical FacilityHouse Of WorshipPublic SchoolT-Station Disclosures Seller Never Occupied. Unit 1 Taw. Unit 2 Vacant. Unit 1 Rent is Low Due To Tenant Handling Snow Removal And Landscaping. Tenant Has Been There 8 Years. Unit 1 Was Has A Cert Of De-Leading With The State On Record Since 1999. See Mass Leadsafe Database Electric Circuit Breakers Gross Income 42000 Home Warranty YN No Insurance Expense 1400 Listing Terms Contract Net Operating Income 42000 Operating Expense 2600 Property Sub Type Multi Family Rent Includes Unit 1(Water)Unit 2(Water) Senior Community YN No Sewage District Wps Sewer Public Sewer Tax Annual Amount 4931 Tax Year 2023 Total Actual Rent 3350 Transaction Broker Compensation 2 Water Sewer Expense 1200 Water Source Public Year Built Details Approximate Zoning R-2

Listing information © 2023 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Michael Mahoney of Real Broker Ma, Llc: 855-450-0442.


The property listing data and information 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 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 set forth herein. Data last updated 2023-09-26T15:04:53.153.
 
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Kinlin Grover Compass
45 Court Street
Plymouth MA, 02360
Listing courtesy of Michael Mahoney of Real Broker Ma, Llc.