Listing ID72768838
Sold For$900,000
StatusClosed
Sold Date2/26/2021
Bedrooms6
Total Baths6
Full Baths4
Partial Baths2
SqFt
6,769
Acres
0.060
CountyEssex
Year Built1913
Property TypeResidential Income
Property Sub Type5-9 Family
Listing Agent
Richard Powers
Solid 5 Unit Mixed use Building in the heart of Lynn's flourishing downtown development area. First floor features a meeting room with new vinyl flooring, central heat/ ac and open floor plan, bring your business and your Ideas possible restaurant etc, etc.... Second and Third floors feature is 1 -2 bedroom and 1 -1 bedroom unit , with open layout Kitchen/Living Room . Very well maintained with recent improvements throughout. Separate FHW X Gas heat for the 4 apartments . 600 AMP electric Service, Great potential
Half Baths
2
County
Essex
Property Sub Type
5-9 Family
Property Type
Residential Income
Year Built
1913
Appliances
Washer/Dryer, Unit 1(Range), Unit 2(Range), Unit 3(Range), Unit 4(Range), Gas Water Heater, Utility Connections for Gas Range
Basement
Full, Interior Entry, Concrete, Unfinished
Bathrooms Total Decimal
5
Building Area Units
Square Feet
Cooling Type
Unit 1(None), Unit 2(None)
Cooling Units
1
Cooling Zones
1
Flooring
Tile,Vinyl,Wood Laminate
Heat Units
5
Heating
1
Heating Type
Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas)
Interior Features
Unit 1(Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Broadband), Unit 2(Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Broadband), Unit 3(High Speed Internet Hookup,Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Broadband), Unit 4(Bathroom With Tub & Shower,Open Floor Plan,Internet Available - Broadband), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
Living Area
6769
Heat Zones
5
Rooms Total
15
Stories Total
11
Construction Materials
Brick
Door Features
Insulated Doors
Electric
Circuit Breakers
Farm Land Area Units
Square Feet
Foundation Details
Stone, Brick/Mortar, Irregular
Frontage Length
54.00
Lot Features
Zero Lot Line
Lot Size Area
0.06
Lot Size Square Feet
2766
Lot Size Units
Acres
Number Of Units Total
5
Open Parking
1
Parking Features
On Street
Road Frontage Type
Public
Roof
Rubber
Sewer
Public Sewer
Utilities
for Gas Range
Water Source
Public
Window Features
Insulated Windows
Building Area Source
Public Records
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Public School, T-Station
Country
US
Directions
Broad St to Spring St or Exchange St to Spring St
Waterfront Features
Beach Front, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Zoning
CBD
Color
Brick
FLRS 2
2
FLRS 3
3
FLRS 4
3
Lead Paint
Unknown
Levels 1
1
Levels 2
1
Levels 3
1
Levels 4
1
Listing Alert
No
Mls Status
Sold
FLRS 1
2
Offline List Number
3174359
Page
229
Property Condition
Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled, Unit 4 Remodeled
UFFI
No
Year Built Details
Actual
Year Built Source
Public Records
Buyer Agency Compensation
2
Compensation Based On
Net Sale Price
Contingency
Pending P&S
Current Financing
Conv. Fixed
Disclosure
N
Disclosures
Taxes Are An Estimate For 2021, Rents Are Below Market But Excellent Potential
Down Payment Resource
No
Gross Income
98400
Lease 1
N
Lease 2
N
Lease 3
N
List Price Per SqFt
132.94
Net Operating Income
98400
Price Per SqFt
132.96
Rent Includes
Unit 1(Water,Hot Water), Unit 2(Water,Hot Water), Unit 3(Water,Hot Water), Unit 4(Water,Hot Water)
Sub Agency Offered
No
Tax Annual Amount
6500
Tax Assessed Value
530800
Tax Book Number
24042
Tax Year
2021
Total Actual Rent
6400
Transaction Broker Compensation
2
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