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Closed

318 Essex St, Lynn MA 01902

$470,000

Estimated $1,095.35/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $235,000

Total Rent: 0/year

Estimated CAP Rate: -0.85%

6 Bedrooms

3 Full Baths

1,896 SqFt

Total Parking: 8

3,398 SqFt

ATTENTION INVESTORS & CONTRACTORS!!! OPPORTUNITY KNOCKS for investor to finish and sell for profit, retain for rental income or owner-occupied investment. ALREADY GUTTED AND FRAMED, A CLEAN SLATE WITH A BRAND NEW ROOF, this 2-unit property feels much larger than it looks. Reconfigured from previous layout, the units include IDEAL OPEN KITCHENS/LIVING AREAS- a first floor single level unit with 3 bedrooms and full bath and a 2-floor upper unit with 2 bedrooms and full bath on one floor and a large bedroom with second full bath on top level. CONVENIENTLY LOCATED in a desirable area not far off of 1A within CLOSE DISTANCE TO RESTAURANTS, SHOPPING & COMMUTER RAIL and 1 mile from beautiful Red Rock Park, Lynn Shore and Nahant Beach Reservation, the house is SET NICELY OFF THE STREET and includes a GENEROUS AMOUNT OF PARKING…8 SPACES! Property is being sold as-is, ready for new owner to finish with their vision.

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 3:06am (Source: MLS PIN #73067552)

Gross Income: $0

Gross Expenses: $3,999

Net Income Calc: $3,999

CAP Rate: -0.85%

Beach Front

Annual Expenses for 318 Essex St, Lynn MA 01902

Total Gross Expenses (Calculated)$3,999/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$3,999

Annual Income & Unit Breakdown for 318 Essex St, Lynn MA 01902

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 318 Essex St, Lynn MA 01902

Listing ID73067552

Property TypeMulti Family

Price$470,000 ($247.89/SqFt)

StyleMulti Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,896 SqFt

Approximate Lot Size (Acres)0.08 acres

Total Parking8

Garage Parking

Year Built1876

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR4

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBay, Beach Front, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 318 Essex St, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureLiving area from Public Record; reconfigured layou

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 318 Essex St, Lynn MA 01902

Real Estate Taxes$3,999

Tax Year2022

Assessed Value$321,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-0.85%

Location Information for 318 Essex St, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Public Transportation, T-station

Contact Information for 318 Essex St, Lynn MA 01902

Agent

Name: Jocelyn Denny

Office

Name: Lifestyle Realty Group LLC

Phone: 508-455-8143

Payment Calculator

, Interest

Property Taxes 333.25

Principal & Interest 2895.99

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Lifestyle Realty Group LLC

Jocelyn Denny

Agent Phone

Office Phone

(508) 455-8143

Text Agent Call Agent Call Office

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[optional_fee_includes] => Array
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[optional_price] => 0
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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
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[perc_test] => Array
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[perc_test_date] => Unknown
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    [state_code] => MA
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[style] => Array
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[terms] => Array
        (
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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[water_views_features] => Array
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[waterfront] => No
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[year_built] => 1876
    [year_built_details] => Approximate
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    [zoning] => R4
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)

EXIT