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413 & 8 Boston St And Carnes St
Lynn, Massachusetts MA 01905
Sold For: $2,000,000
Listing ID 72925066
Status Closed
Sold Date 12/30/2021
Bedrooms 24
Full Baths 12
Total Baths 12
SqFt 9,630
Acres 0.190
Year Built 1873

Property Description:

Great income potential , 12 units, all separate utilities and all units have lead certificate, 4 room 2 bedroom units , Well maintained with recent upgrades. 12 tankless heat and hot water units installed in the fall of 2019, Updated electric , Roofs approximately 15 years old. off street parking for 10-12 cars Convenient location, Close to schools and shopping
Richard Powers

Primary Features

County: Essex
Property Sub Type: 5-9 Family
Property Type: Residential Income
Year Built: 1873


Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Gas Water Heater,Tank Water Heaterless
Basement: Full, Interior Entry, Bulkhead, Concrete
Bathrooms Total Decimal: 12
Building Area Units: Square Feet
Flooring: Wood,Vinyl,Varies Per Unit
Heating: 1
Heating Type: Unit 1(Hot Water Baseboard,Gas), Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas), Unit 4(Hot Water Baseboard,Gas)
Interior Features: Unit 1(Lead Certification Available,Bathroom With Tub & Shower), Unit 2(Lead Certification Available), Unit 3(Lead Certification Available), Unit 4(Lead Certification Available), 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: 9630
Heat Zones: 12
Rooms Total: 48
Stories Total: 7


Construction Materials: Frame
Door Features: Insulated Doors
Electric: Circuit Breakers
Exterior Features: Rain Gutters
Farm Land Area Units: Square Feet
Fencing: Fenced
Foundation Area: 1560
Foundation Details: Stone, Brick/Mortar
Frontage Length: 100.00
Lot Features: Corner Lot, Level
Lot Size Area: 0.19
Lot Size Square Feet: 8142
Lot Size Units: Acres
Number Of Units Total: 12
Open Parking: 1
Parking Features: Paved Drive, Off Street, On Street, Driveway, Paved
Parking Total: 11
Road Frontage Type: Public
Roof: Rubber
Sewer: Public Sewer
Water Source: Public
Window Features: Insulated Windows, Screens


Building Area Source: Public Records
Community Features: Public Transportation, Shopping, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School
Country: US
Directions: Corner of Carnes
Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Zoning: R4


Color: Blue
FLRS 2: 1
FLRS 3: 1
FLRS 4: 2
GRE: 15800
Lead Paint: Certified Treated
Levels 1: 1
Levels 2: 1
Levels 3: 1
Levels 4: 1
Listing Alert: No
Mls Status: Sold
FLRS 1: 2
Offline List Number: 3361358
Page: 594
RFS: 1080
Year Built Details: Approximate
Year Built Source: Public Records
Year Round: Yes


Buyer Agency Compensation: 2
Compensation Based On: Net Sale Price
Contingency: Pending P&S
Current Financing: Cash
Disclosure: N
Disclosures: 413 Boston St And 8 Carnes St
Down Payment Resource: No
Electric Expense: 700
Financial Data Source: Owner
Gross Income: 146400
Insurance Expense: 13000
Lease 1: N
Lease 2: N
Lease 3: N
Lease 4: N
List Price Per SqFt: 223.26
Listing Terms: Seller W/Participate
Net Operating Income: 130600
Operating Expense: 15800
Price Per SqFt: 207.68
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Sub Agency Offered: No
Tax Annual Amount: 20647.34
Tax Assessed Value: 1584600
Tax Book Number: 18338
Tax Year: 2021
Total Actual Rent: 12200
Transaction Broker Compensation: 2
Water Sewer Expense: 12000

Zoning Info

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Richard Powers

United States

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