Property Attributes
- MLS#73222386
- TypeMulti-Family
- CountyESSEX
- CityLynn
- Zip01902
- Style4 Family - 4 Units Up/Down
- Year Built1890
- Taxes$ 9078
- Price$ 1,700,000
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage4131
- Lot Size4,792 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.
Price History | |
---|---|
4/10/2024 | Listed $1,700,000 |
General Features
Sewer | Public Sewer |
---|---|
Zoning | R1 |
Year Built | 1890 |
Property SubType | 4 Family - 4 Units Up/Down |
Tax Year | 2023 |
Gross Income | 95508 |
County | Essex |
Net Operating Income | 95508 |
Property Type | Residential Income |
Garage Y/N | No |
Total Rooms | 18 |
Status | Active |
Directions | gps |
City | Lynn |
Senior Community Y/N | No |
Total Units | 4 |
Lot Size Square Feet | 5000 |
Waterfront Y/N | No |
Street Name | Essex Street |
Year Built Details | Approximate |
Tax Annual Amount | 9078 |
Home Warranty Y/N | No |
Building Area Units | Square Feet |
Standard Status | Active |
Year Built Source | Public Records |
Tax Assessed Value | 814200 |
Total Actual Rent | 13515 |
Compensation Based On | Net Sale Price |
Sub-Agency Relationship Offered | No |
Interior Features
Total Stories | 3 |
---|---|
Fireplace Y/N | No |
Full Baths | 4 |
Total Bedrooms | 9 |
Total Baths | 4 |
Exterior Features
Lot Features | Level |
---|---|
Water Source | Public |
Total Parking | 4 |
Lot Size Area | 0.11 |
Foundation Details | Concrete Perimeter |
Spa | No |
Building Area Total | 4131 |
Lot Size Acres | 0.11 |
Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool