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60 Spencer Street, Lynn MA 01905

$749,900

Estimated $1,941/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $249,966.67

Total Rent: 22800/year

Estimated CAP Rate:

6 Bedrooms

Baths

3355

Total Parking: 5

5,308 (0.12)

West Lynn Solid Multi-Family Home - Opportunity Knocks Here! This Legal 3 Family Home is a perfect opportunity for owner occupant, extended family plus collect rental income. The first level consists of Living Room, Dining Room, Kitchen, 2 Bedrooms, & Bath. The second level consists of Living Room, Dining Room, Kitchen, 2 Bedrooms, & Bath. The third level consists of Living Room, Kitchen, 1 Bedroom & Bath. Separate Utilities for each unit. Hardwood Floors through out, good sized fenced yard, 1 car garage, and off-street parking for 4+ cars. Conveniently located and close to shopping, public transportation, & schools.

This home has been viewed 46 times

Last Checked: May 7th, 2024 at 3:21am (Source: MLS PIN #73075706)

Gross Income: $22,800

Gross Expenses: $8,698

Net Income Calc: $14,102

Annual Expenses for 60 Spencer Street, Lynn MA 01905

Total Gross Expenses (Calculated)$8,698/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8698

Annual Income & Unit Breakdown for 60 Spencer Street, Lynn MA 01905

Total Gross Income (Calculated)$22,800

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit0

Rent Includes

General Information for 60 Spencer Street, Lynn MA 01905

Listing ID73075706

Property TypeMulti Family / 3 Family

Price749900 ($223.52/SqFt)

Style3 Family

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total3355

Approximate Lot Size (Acres)0.12

Total Parking5

Garage Parking0

Year Built1890

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR4

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 60 Spencer Street, Lynn MA 01905

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Personal Property.

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 Compensation0

Compensation Based OnNet Sale Price

Financial Information for 60 Spencer Street, Lynn MA 01905

Real Estate Taxes8698

Tax Year2023

Assessed Value$780,100

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 60 Spencer Street, Lynn MA 01905

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 60 Spencer Street, Lynn MA 01905

Agent

Name: Julie Manley

Office

Name: Connor Real Estate

Phone: 781-581-5940

Payment Calculator

, Interest

Property Taxes 724.83

Principal & Interest 4620.65

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Connor Real Estate

Julie Manley

Agent Phone

Office Phone

(781) 581-5940

Text Agent Call Agent Call Office

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EXIT

1 More Photo

Closed

60 Spencer Street, Lynn MA 01905

$749,900

Annual Expenses for 60 Spencer Street, Lynn MA 01905

Annual Income & Unit Breakdown for 60 Spencer Street, Lynn MA 01905

General Information for 60 Spencer Street, Lynn MA 01905

Disclosures for 60 Spencer Street, Lynn MA 01905

Financial Information for 60 Spencer Street, Lynn MA 01905

Location Information for 60 Spencer Street, Lynn MA 01905

Contact Information for 60 Spencer Street, Lynn MA 01905

Agent

Office

Payment Calculator

Exclusive Listing Agent

Connor Real Estate

Julie Manley