For more information on this property, contact Colleen Toner at

11 Bellair St
Lynn, Massachusetts MA 01902
Sold For: $1,052,000
Listing ID 72919907
Status Closed
Sold Date 2/02/2022
Bedrooms 12
Full Baths 5
Total Baths 5
SqFt 4,642
Acres 0.070
Year Built 1923

Property Description:

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!
Colleen Toner

Primary Features

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

Zoning Info

© 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, June 3rd, 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.

Contact - Listing ID 72919907

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Colleen Toner

United States

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