285 Boston Street Topsfield — Photo 1 of 1
$499,000
Investment Analysis — 285 Boston Street
Topsfield, MA 01983
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01983 carries an estimated $2,040/mo in gross rent — about a 2.55% cap rate and $12,705/yr in estimated NOI at the $499,000 list price. Adjust every assumption in the calculator below.
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Rare land opportunity on Boston Road (Route 1) in Topsfield. Approximately 2.31± acres to be conveyed (3.14± acres less approximately 0.83± acres at time of subdivision), with subdivision to be completed prior to or at closing. Excellent visibility and direct easy access from the Route 1 corridor may make this an outstanding location for potential industrial use to explore. No water service currently exists on the property. Buyer and buyer's agent to perform all due diligence regarding subdivision approval, zoning, permitted uses, utilities and all required permits and approvals. Acreage and boundaries are approximate and subject to final recorded subdivision plan. Currently zoned on map with industrial and residential use. Please see attached documents for further information.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Listing Agent: Krista Julian
Listing Office: Coldwell Banker Realty - Manchester
MLS® Number: 73550881
