$1,700,000
44 Essex Street
Lynn, MA, 01902
MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.
Property Details
Price:
$1,700,000
MLS #:
73222386
Status:
Active
Beds:
9
Baths:
4
Address:
44 Essex Street
Type:
Multi Family
Subtype:
4 Family – 4 Units Up/Down
City:
Lynn
Listed Date:
Apr 10, 2024
State:
MA
Finished Sq Ft:
4,131
ZIP:
01902
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1890
Units:
4
Schools
Interior
Bathrooms
4 Full Bathrooms
Exterior
Parking Spots
4
Financial
Buyer Agent Compensation
1.5%
Tax Year
2023
Taxes
$9,078
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
More About MarieMortgage Calculator
Map
Similar Listings Nearby
- 199-201 Lafayette
Salem, MA$2,100,000
3.28 miles away
- 90 Essex St
Lynn, MA$1,950,000
0.12 miles away
- 228-244 Washington St
Lynn, MA$1,950,000
1.26 miles away
- 18 Chestnut St
Salem, MA$1,850,000
3.41 miles away
- 1-7 Prince St
Salem, MA$1,700,000
3.53 miles away
- 140 Elmwood Rd
Swampscott, MA$1,649,000
0.73 miles away
- 62 Nahant Street
Lynn, MA$1,599,000
1.00 miles away
- 99 South St
Lynn, MA$1,499,000
2.16 miles away
- 483 Central St
Saugus, MA$1,350,000
4.30 miles away
Courtesy of Investment Property Advisors. 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.
44 Essex Street
Lynn, MA
LIGHTBOX-IMAGES