Overview Property Details Payment Calculator Walkability

Canceled

679-681 Western Ave, Lynn MA 01902

$2,299,000

Estimated $5,227.82/month Calculator

Multi Family

Total Units: 8

Price Per Unit: $287,375

Total Rent: 31200/year

Estimated CAP Rate: 0.57%

6 Bedrooms

4 Full, 3 Half Baths

8,569 SqFt

Total Parking: 20 (5 Garage)

17,641 SqFt

Great 1031 exchange property ! Brick building that's centrally located in a business zoned bus line district. Features 4 residential units, 4 offices, with separate utilities and 5 garages. All rents are below today's market rates. Possible future redevelopment site. DO NOT ...

This home has been viewed 20 times

Last Checked: May 7th, 2024 at 2:41am (Source: MLS PIN #73053849)

Gross Income: $31,200

Gross Expenses: $18,000

Net Income Calc: $13,200

CAP Rate: 0.57%

Beach Front

Annual Expenses for 679-681 Western Ave, Lynn MA 01902

Total Gross Expenses (Calculated)$18,000/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$18,000

Annual Income & Unit Breakdown for 679-681 Western Ave, Lynn MA 01902

Total Gross Income (Calculated)$31,200

Unit 1

Rental Income$1,300

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,300

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 679-681 Western Ave, Lynn MA 01902

Listing ID73053849

Property TypeMulti Family / 5+ Family

Price$2,299,000 ($268.29/SqFt)

Style5-9 Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total8,569 SqFt

Approximate Lot Size (Acres)0.4 acres

Total Parking20 (5 Garage)

Garage Parking5 / Detached

Year Built1870

Year Built SourcePublic Records

Year Renovated

Year Built DetailsRenovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Brick

Lot FeaturesLevel, Corner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR5-BUS

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesDirect Access, Ocean, Beach Front, Beach Ownership(public), 1/2 To 1 Mile To Beach

Energy Features

Terms

Disclosures for 679-681 Western Ave, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosuremixed use building

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$31,200

Total Net Income By Broker$31,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation1.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 679-681 Western Ave, Lynn MA 01902

Real Estate Taxes$18,000

Tax Year2022

Assessed Value$832,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$31,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.57%

Location Information for 679-681 Western Ave, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 679-681 Western Ave, Lynn MA 01902

Agent

Name: Carl S. Aloupis

MLS ID: NB112379

Office ID: NB3135

National Association ID: 449530440

Office

Name: CSA Realty

MLS Office ID: NB3135

Phone: 781-632-5888

Payment Calculator

$15,665.71 per month

30 Years Fixed, 6.75% Interest

Property Taxes $1,500.00

Principal & Interest $14,165.71

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

CSA Realty

Carl S. Aloupis

Agent Phone

Office Phone

(781) 632-5888

Text Agent Call Agent Call Office

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                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73053849&w=1024&h=768&n=21
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                    [created] => 2024-05-07 02:41:09
                    [modified] => 2024-05-07 02:41:09
                )

)

)

EXIT

Canceled

679-681 Western Ave, Lynn MA 01902

$2,299,000

Annual Expenses for 679-681 Western Ave, Lynn MA 01902

Annual Income & Unit Breakdown for 679-681 Western Ave, Lynn MA 01902

General Information for 679-681 Western Ave, Lynn MA 01902

Disclosures for 679-681 Western Ave, Lynn MA 01902

Financial Information for 679-681 Western Ave, Lynn MA 01902

Location Information for 679-681 Western Ave, Lynn MA 01902

Contact Information for 679-681 Western Ave, Lynn MA 01902

Agent

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Exclusive Listing Agent

CSA Realty

Carl S. Aloupis