Listing ID72919907
Sold For$1,052,000
StatusClosed
Sold Date2/02/2022
Bedrooms12
Total Baths5
Full Baths5
SqFt
4,642
Acres
0.070
CountyEssex
Year Built1923
Property TypeResidential Income
Property Sub Type5+ Family - 5+ Units Up/Down
Listing Agent
Colleen Toner
Attention Investors!! Great Location! Large Well-Maintained 5 Unit Building In Lynn. 24 Rooms, 12 Bedrooms, 5 Bathrooms. 3 Units and Common Areas With Deleaded Certificates. 6 Separate Electric Meters. 3+ Car Parking On Paved Driveway And Additional Street Parking. Coin-Op Laundry In Basement. Steps To Shopping, Restaurants and Public. The Property Is Generating Income At A 7.67% Cap Rate. Don't Miss Out On This Great Investment Opportunity!
County
Essex
Property Sub Type
5+ Family - 5+ Units Up/Down
Property Type
Residential Income
Year Built
1923
Appliances
Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Basement
Full, Unfinished
Bathrooms Total Decimal
5
Building Area Units
Square Feet
Flooring
Tile,Vinyl,Hardwood
Heat Units
5
Laundry Features
Laundry Room, Washer Hookup
Living Area
4642
Heat Zones
5
Rooms Total
24
Stories Total
11
Construction Materials
Frame
Electric
Circuit Breakers, 100 Amp Service
Exterior Features
Rain Gutters
Farm Land Area Units
Square Feet
Foundation Area
1575
Foundation Details
Stone
Lot Size Area
0.07
Lot Size Square Feet
3110
Lot Size Units
Acres
Number Of Units Total
5
Open Parking
1
Parking Features
Paved Drive, Off Street, Paved
Parking Total
3
Patio And Porch Features
Porch
Road Frontage Type
Public
Road Responsibility
Public Maintained Road
Road Surface Type
Paved
Roof
Rubber
Sewer
Public Sewer
Utilities
for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Building Area Source
Public Records
Community Features
Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
Country
US
Directions
Western Ave to Bellair St
Elementary School
Lynn Public
High School
Lynn Public
Middle Or Junior School
Lynn Public
Waterfront Features
Beach Front, Ocean, 1 to 2 Mile To Beach
Zoning
R4
Color
Grey
FLRS 2
2
FLRS 3
2
FLRS 4
3
GRE
17746
Lead Paint
Certified Treated, Unknown
Levels 1
1
Levels 2
1
Levels 3
1
Levels 4
1
Listing Alert
No
Mls Status
Sold
FLRS 1
1
Offline List Number
3244180
Page
257
RFS
450
Year Built Details
Actual
Year Built Source
Public Records
Year Round
Yes
Buyer Agency Compensation
2
Compensation Based On
Net Sale Price
Contingency
Financing
Current Financing
Conv. Fixed
Disclosure
N
Disclosures
3 Units And Common Areas Have Been Deleaded.
Down Payment Resource
No
Electric Expense
800
Financial Data Source
Owner
Gross Income
89400
Insurance Expense
5300
Lease 1
N
Lease 2
N
Lease 3
N
Lease 4
Y
List Price Per SqFt
204.65
Net Operating Income
71654
Operating Expense
17746
Price Per SqFt
226.63
Sub Agency Offered
No
Tax Annual Amount
8596
Tax Assessed Value
643600
Tax Book Number
7492
Tax Year
2021
Total Actual Rent
7450
Transaction Broker Compensation
2
Water Sewer Expense
5200
© 2023 MLS Property Information Network, Inc. (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 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. This information was last updated on Saturday, April 1st, 2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Please contact Toner Real Estate directly for additional information pertaining to the status and availability of properties displayed on this website.Data services provided by IDX Broker
