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Closed

358 Chestnut St, Lynn MA 01902

$639,000

Estimated $1,643.89/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $213,000

Total Rent: 36000/year

Estimated CAP Rate: 4.49%

6 Bedrooms

3 Full Baths

2,467 SqFt

Total Parking: 3

4,380 SqFt

Attention Investors & Owner Occupants! Best time to get into ownership & occupy one unit with the rental income from the other units. Long time owned triple decker has 3 units with each apartment consisting of 4 rooms, 2 bedrooms, and 1 bathroom. This property has great bones and in need of some TLC. Fully occupied with long term tenants.under TAW. Rents are below market. Off Street parking for 3 cars and a nice back yard for those Summer Days of BBQ's and just relaxing. The asphalt Shingle Roof is approximately 15 years old. This Town offers Sluice Pond which is across the road from two public recreational neighbors, Gannon Municipal Golf Club and Lynn Woods, the nation's 2nd largest urban park. The Lynn Woods offers over 30 miles of scenic trails for hiking, running, horseback riding, mountain biking (not allowed during the winter), cross-country skiing, and nature walks.

This home has been viewed 40 times

Last Checked: May 6th, 2024 at 11:30pm (Source: MLS PIN #73049839)

Gross Income: $36,000

Gross Expenses: $7,293

Net Income Calc: $28,707

CAP Rate: 4.49%

Annual Expenses for 358 Chestnut St, Lynn MA 01902

Total Gross Expenses (Calculated)$7,293/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,293

Annual Income & Unit Breakdown for 358 Chestnut St, Lynn MA 01902

Total Gross Income (Calculated)$36,000

Unit 1

Rental Income$1,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$1,000

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$1,000

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent Includes

General Information for 358 Chestnut St, Lynn MA 01902

Listing ID73049839

Property TypeMulti Family / 3 Family

Price$639,000 ($259.02/SqFt)

Style3 Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,467 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking3

Garage Parking

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 358 Chestnut St, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$36,000

Total Net Income By Broker$36,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 358 Chestnut St, Lynn MA 01902

Real Estate Taxes$7,293

Tax Year2022

Assessed Value$586,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$36,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$36,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.49%

Location Information for 358 Chestnut St, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesSidewalks

Contact Information for 358 Chestnut St, Lynn MA 01902

Agent

Name: Jacqueline Veri

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 617-666-2121

Payment Calculator

, Interest

Property Taxes 607.75

Principal & Interest 3937.31

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Jacqueline Veri

Agent Phone

Office Phone

(617) 666-2121

Text Agent Call Agent Call Office

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EXIT

Closed

358 Chestnut St, Lynn MA 01902

$639,000

Annual Expenses for 358 Chestnut St, Lynn MA 01902

Annual Income & Unit Breakdown for 358 Chestnut St, Lynn MA 01902

General Information for 358 Chestnut St, Lynn MA 01902

Disclosures for 358 Chestnut St, Lynn MA 01902

Financial Information for 358 Chestnut St, Lynn MA 01902

Location Information for 358 Chestnut St, Lynn MA 01902

Contact Information for 358 Chestnut St, Lynn MA 01902

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Berkshire Hathaway HomeServices Commonwealth Real Estate

Jacqueline Veri