44 Essex Street, Lynn, MA, 01902
18 rooms
9 beds
4 Full baths
1890
4,131 sqft
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.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
R1
Levels:
3
Parking:
4-car
Acreage:
0.11
Est. Taxes:
$9,078
Assessment
$814,200
Lot Description:
Level
MLS #:
73222386
Buyer Agent Compensation:
1.5
Facilitator Compensation:
1
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
Community Info
School Info
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Listing courtesy of Raymond R. Clements, Investment Property Advisors