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355 Lynn St, Malden MA 02148

$1,100,000

Estimated $2,647.89/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $366,666.67

Total Rent: 88704/year

Estimated CAP Rate: 7.12%

9 Bedrooms

3 Full Baths

3,084 SqFt

Total Parking: 6 (1 Garage)

4,626 SqFt

Wonderful Investor opportunity in a tight market!! Don't miss this de-leaded, solid well kept 3 family property in great condition. Vinyl siding exterior, updated windows throughout, gas heating systems, coin op laundry in a clean basement, over-sized driveway. All good unit rents, along with garage rent. All units are spacious with high ceilings and have hardwood flooring. Close to Rt.1, shopping, public transportation, restaurants etc. Property to be delivered with tenants in place. Offers if any due 2/14/2023 at noon - see firm remarks. Don't pass this by...not a home to miss!!

This home has been viewed 33 times

Last Checked: May 7th, 2024 at 3:01am (Source: MLS PIN #73077400)

Gross Income: $88,704

Gross Expenses: $10,371

Net Income Calc: $78,333

CAP Rate: 7.12%

Annual Expenses for 355 Lynn St, Malden MA 02148

Total Gross Expenses (Calculated)$10,371/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$10,371

Annual Income & Unit Breakdown for 355 Lynn St, Malden MA 02148

Total Gross Income (Calculated)$88,704

Unit 1

Rental Income$2,575

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$2,350

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$2,467

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 355 Lynn St, Malden MA 02148

Listing ID73077400

Property TypeMulti Family / 3 Family

Price$1,100,000 ($356.68/SqFt)

Style3 Family

CityMalden

CountyMiddlesex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,084 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking6 (1 Garage)

Garage Parking1 / Detached

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionIrregular

Accessible Features

Outdoor Space

ZoningResA

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 355 Lynn St, Malden MA 02148

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$88,704

Total Net Income By Broker$88,704

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation2

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 355 Lynn St, Malden MA 02148

Real Estate Taxes$10,371

Tax Year2023

Assessed Value$850,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$88,704

BostonRealEstate.com Gross Income

Total Net Income By Broker$88,704

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.12%

Location Information for 355 Lynn St, Malden MA 02148

Elementary School

Middle School

High SchoolMhs

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Laundromat, Public Transportation, Private School, Sidewalks

Contact Information for 355 Lynn St, Malden MA 02148

Agent

Name: Richard Worob

Office

Name: Century 21 North East

Phone: 781-395-2121

Team Members

Payment Calculator

, Interest

Property Taxes 864.25

Principal & Interest 6777.85

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Century 21 North East

Richard Worob

Agent Phone

Office Phone

(781) 395-2121

Text Agent Call Agent Call Office

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[terms] => Array
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EXIT

Closed

355 Lynn St, Malden MA 02148

$1,100,000

Annual Expenses for 355 Lynn St, Malden MA 02148

Annual Income & Unit Breakdown for 355 Lynn St, Malden MA 02148

General Information for 355 Lynn St, Malden MA 02148

Disclosures for 355 Lynn St, Malden MA 02148

Financial Information for 355 Lynn St, Malden MA 02148

Location Information for 355 Lynn St, Malden MA 02148

Contact Information for 355 Lynn St, Malden MA 02148

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Century 21 North East

Richard Worob