Seller Financing
Address
44 Essex Street, Lynn, MA
Price
$ 1,700,000
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
Property vs Multi-Family Average in 01902
Price
Taxes
Visits
Year Built
Massachusetts MLS Property Info Network (MLSPIN) - 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
