Listing ID72930753
Sold For$1,325,000
StatusClosed
Sold Date4/29/2022
Bedrooms12
Total Baths6
Full Baths8
SqFt
6,495
Acres
0.070
CountyEssex
Year Built1900
Property TypeResidential Income
Property Sub Type5-9 Family
Listing Agent
Colleen Toner
Attention Investors!! Large Well-Maintained 6 Unit Building! 24 Rooms, 12 Bedrooms, 6 Bathrooms. Spacious Apartments With Eat-In Kitchens, Updated Baths and Hardwood Floors. All Units Have Delead Certificates! 6 Separate Gas Heating Systems, 6 Gas Hot Water Tanks and 200 AMP Service With 7 Separate Electric Meters, Newer Plumbing, and Rubber Roof. 3 Car Parking On Paved Driveway And Additional Street Parking. Coin-Op Laundry In Basement. Steps To Northern Rail Community Trail With Playground, Market Basket, Shopping, Restaurants and Public Transportation. The Property Is Generating Income At Over 6% Cap Rate! Don't Miss Out On This Great Investment Opportunity!
County
Essex
Property Sub Type
5-9 Family
Property Type
Residential Income
Year Built
1900
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
Unfinished
Bathrooms Total Decimal
8
Building Area Units
Square Feet
Flooring
Hardwood
Heat Units
6
Interior Features
Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
Laundry Features
Washer Hookup
Living Area
6495
Rooms Total
24
Stories Total
9
Electric
Circuit Breakers, 200+ Amp Service
Farm Land Area Units
Square Feet
Foundation Area
2000
Foundation Details
Slab
Lot Features
Level
Lot Size Area
0.07
Lot Size Square Feet
3092
Lot Size Units
Acres
Number Of Units Total
6
Open Parking
1
Parking Features
Paved Drive, Off Street, Paved
Parking Total
3
Patio And Porch Features
Porch
Road Frontage Type
Public
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, Walk/Jog Trails, Golf, Bike Path, Public School
Country
US
Directions
Boston St to Cottage 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, Beach Ownership(Public)
Zoning
R4
Color
Yellow
FLRS 2
1
FLRS 3
2
FLRS 4
2
GRE
22750
Lead Paint
Certified Treated
Levels 1
1
Levels 2
1
Levels 3
1
Levels 4
1
Listing Alert
No
Mls Status
Sold
FLRS 1
1
Offline List Number
3244219
Page
107
RFS
540
Year Built Details
Approximate
Year Built Source
Public Records
Buyer Agency Compensation
2
Compensation Based On
Net Sale Price
Contingency
Financing
Current Financing
Conv. Fixed
Disclosure
N
Down Payment Resource
No
Electric Expense
800
Financial Data Source
Owner
Gross Income
105900
Gross Scheduled Income
640
Insurance Expense
5500
Lease 1
Y
Lease 2
N
Lease 3
N
Lease 4
N
List Price Per SqFt
192.44
Net Operating Income
83150
Operating Expense
22750
Price Per SqFt
204
Sub Agency Offered
No
Tax Annual Amount
12148
Tax Assessed Value
909800
Tax Book Number
7264
Tax Year
2021
Total Actual Rent
8700
Transaction Broker Compensation
2
Water Sewer Expense
3120
© 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
