Investment Analysis — 481 Humphrey

Amazing opportunity to own TWO single family houses on ONE lot...and located just one block from the ocean in Swampscott! Enjoy the fabulous water views and feel the cool ocean breeze just minutes away from your doorway at Swampscott Harbor and Fisherman's Beach. This prime location is also a short walk to Swampscott's coastal downtown, offering a charming mix of restaurants, local shops, everyday conveniences and many green spaces. Both houses are move-in ready! The primary house was thoughtfully refreshed, offering the perfect blend of modern amenities, timeless classic style with touches of old world charm that includes original wood floors, pocket doors, an ornate tin ceiling and custom storage cabinets and shelves. The kitchen is equipped with new stainless steel appliances, countertops and a custom built entrance storage area. The guest bathroom on the first floor was also recently remodeled and a kitchen pantry was added. The second floor full bathroom sparkles after it was renovated and fitted with a deep tub, glass shower enclosure and modern fixtures. The third floor was finished and houses the fourth bedroom with adjoining office or den. The second house was significantly rebuilt 20 years ago with an open concept eat-in kitchen and living room area, a 3/4 bathroom and full size stackable washer and dryer on the first floor. A large loft is on the second floor. The loft is the perfect location for a private and cozy sleeping area. This two house property presents multiple living and investment options. It's an ideal property for an owner occupant needing additional space for extended family, an owner occupant seeking rental income or an investor looking solely for an income-producing investment property. Whether you're looking for a multi-generational family home, a coastal retreat or a solid rental investment, this property offers extraordinary flexibility and a good value!