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Expired

61-63 Locust St, Lynn MA 01904

$719,900

Estimated $1,851/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $359,950

Total Rent: 22200/year

Estimated CAP Rate:

4 Bedrooms

Baths

2254

Total Parking: 5 (2 Garage)

5,591 (0.13)

Price reduced for a quick sale!!Truly a great opportunity to own a two family home in a desired Lynn neighborhood as owner occupied or as an investment property. Conveniently located to shopping, local amenities, and major highways. Featuring hardwood floors, plenty of light, enclosed front porches, separate utilities, in unit laundry, 6 off street parking, detached 2 car garage and a gorgeous backyard. Both units have the same layout consisting of two bedrooms, living room, dining room, kitchen and bathroom. Walk up attic offers potential of a third unit or to be combined with 2nd floor for additional living space. Full basement with a tons of storage space.

This home has been viewed 51 times

Last Checked: May 6th, 2024 at 11:50pm (Source: MLS PIN #73051678)

Gross Income: $22,200

Gross Expenses: $8,200

Net Income Calc: $14,000

Water Views

Annual Expenses for 61-63 Locust St, Lynn MA 01904

Total Gross Expenses (Calculated)$8,200/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8200

Annual Income & Unit Breakdown for 61-63 Locust St, Lynn MA 01904

Total Gross Income (Calculated)$22,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

General Information for 61-63 Locust St, Lynn MA 01904

Listing ID73051678

Property TypeMulti Family / 2 Family

Price719900 ($319.39/SqFt)

Style2 Family - 2 Units Up/down

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total2254

Approximate Lot Size (Acres)0.13

Total Parking5 (2 Garage)

Garage Parking2

Year Built1910

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Water ViewsNo

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 61-63 Locust St, Lynn MA 01904

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsWasher/Dryer

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%

Facilitator Compensation1%

Compensation Based OnGross/full Sale Price

Financial Information for 61-63 Locust St, Lynn MA 01904

Real Estate Taxes8200

Tax Year2022

Assessed Value$741,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 61-63 Locust St, Lynn MA 01904

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 61-63 Locust St, Lynn MA 01904

Agent

Name: Rigela Bejgo

Office

Name: HZS Properties Inc.

Phone: 617-840-3364

Payment Calculator

, Interest

Property Taxes 683.33

Principal & Interest 4435.79

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

HZS Properties Inc.

Rigela Bejgo

Agent Phone

Office Phone

(617) 840-3364

Text Agent Call Agent Call Office

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    [unparsed] => 61-63 Locust St, Lynn MA 01904
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EXIT

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