550-560 Washington, Weymouth MA 02188

Weymouth, MA 02188
$1,600,000
Est. $9,587/month
1.70
Acres
1956
Year Built
319
Days on Market
Active Listed Feb 10, 2025 • MLS# 73333866 Copied!

About this home

Unique opportunity for the right investor. Property is positive cash flow and consists of a single-family house that can rent for approx. $2800/mo., an attached 1 bedroom 1 bath apartment approx. $1000 to $1,500/mo., a large backlot storage area occupied by a general contractor to store equipment at $1,500/mo., a separate 1 car garage that can rent for $150-$200/mo. and $6,000/mo. from an established restaurant that’s been in business for 30 years. There is additional area to rent with the right investor. Estimated total monthly income is between $12,000 - $14,000/mo.The property is also approved for redevelopment for 28 units if you want to develop or just continue to operate as a landlord.

Property Overview

Listing Type
Commercial Sale
Year Built
1956

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1956
Lot Size 1.70 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Financial

Annual Tax $15,556

Interior Features

Flooring:
Appliances:
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Laundry:
Security:

Construction & Materials

Year Built: 1956
Structure Type:
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Roof:
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
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Sewer:
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Exterior & Lot

Exterior Features:
Patio & Porch:
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Parking & Garage

Parking Features:

Location

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Neighborhood

550-560 Washington, Weymouth MA 02188

Weymouth, MA 02188

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,296
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

Property Timeline

🏠
Listed for Sale
Feb 10, 2025
$1,600,000
Original listing
Agent: Raymond Jennings III Office: Raymond Jennings lll
🏠
Listed for Sale
Feb 10, 2025
$1,600,000
Original listing

Price & Status History

Date Event Price Change
Feb 10, 2025 New Listing Added $1,600,000
Feb 10, 2025 New Listing Added $1,600,000

Market Statistics

Days on Market
319 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2024 $15,556

Financial Details

Annual Property Tax
$15,556
Tax Year 2024

Listing Information

Listing Agent Raymond Jennings III
Listing Office Raymond Jennings lll
Agent MLS ID NB900235
Office MLS ID AC2473
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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