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You are here:
$599,900
2 Unit
4 Beds
2 Baths
2457 SQFT
0.76 Acre
418 Wilbur
Swansea, MA 02777

Property Description

Seize this rare and exceptional opportunity to own a mixed-use zoned parcel in a prime, high-visibility location along Route 103/Wilbur Avenue. With nearly 15,000 vehicles passing by daily and the advantage of two curb cuts, this property offers incredible potential for both residential and commercial use. The parcel includes a two-family dwelling, designed with a 4-bedroom septic system, making it ideal for a variety of configurations. The home features a roof that was replaced around 2008, and has been occupied by long-term tenants for nearly 16 years. Adjacent to the main dwelling is a separate lot, also benefiting from its own curb cut. This space presents an excellent opportunity for the addition of an accessory structure or the launch of a new business venture. Whether you're an investor looking to capitalize on the mixed-use zoning, or someone with a vision for a business in a bustling area, this property offers the versatility and visibility you need.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 4
  • Total Full Baths: 1
  • Total Half Baths: 1
  • Amenities: Golf Course, Highway Access, House of Worship, Marina, Medical Facility, Park, Public School, Public Transportation, Shopping, Tennis Court, Walk/Jog Trails
  • Common Rooms: Kitchen, Living Room
  • Common Interior Features: Bathroom with Shower Stall, Bathroom With Tub & Shower, Ceiling Fans, Pantry, Tile Floor
  • Common Appliances: Dryer Hookup, Range, Refrigerator, Washer Hookup
  • Common Heating: Extra Flue, Gas, Heat Pump
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 34800
  • Gross Expenses: 8418
  • GSE: 3242
  • Electric Expenses: 3216
  • Water/Sewer: 160
  • INSC: 1800
  • Net Operating Income: 26382

Utilities

  • Heat Zones: 2
  • Electric Info: 200 Amps
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: On-Site, Private Sewerage

Unit 1 Description

  • Included in Rent: Electric, Gas, Heat, Hot Water, Water
  • Under Lease: No

Unit 2 Description

  • Included in Rent: Electric, Gas, Heat, Hot Water, Water
  • Under Lease: No

Construction

  • Year Built: 1920
  • Construction Type: Aluminum, Frame
  • Foundation Info: Slab
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Laminate, Tile, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73285676
  • Last Updated: 09/09/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/09/2024Active$599,900$244MLSPIN
09/05/2024New$599,900$244MLSPIN

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Map & Resources

Saint Michaels School

School

0.28mi

A Great Place to Learn

Private School, Grades: 11-12

0.29mi

Gardner School

Public Elementary School, Grades: K-2

0.56mi

Swansea Fire Department

Fire Station

0.45mi

Swansea Fire Department

Fire Station

0.48mi

Swansea Police Dept

Local Police

1.22mi

Off Long Point Property

Municipal Park

0.66mi

Un-Named

Municipal Park

0.86mi

Touisset Country Club

Golf Course

0.9mi

Off Birchwood Ave Property

Recreation Ground

0.38mi

The Bluffs

Recreation Ground

0.62mi

Long Point

Recreation Ground

0.75mi

Off Circuit Dr Property

Recreation Ground

0.77mi

Seller's Representative: Christopher R. Carreiro, Esquire, Lands End Realty, Inc.
MLS ID#: 73285676

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2024-09-09 03:05:00

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