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Closed

599 Lynn St, Revere MA 02151

$524,900

Estimated $1,287.20/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $262,450

Total Rent: 29100/year

Estimated CAP Rate: 4.55%

5 Bedrooms

3 Full Baths

3,200 SqFt

Total Parking: 5

4,709 SqFt

Showings only at Open Houses and Group Showings - INVESTORS & DEVELOPERS take notice! Great Opportunity to own a 2-family closer to the price of a single-family. Unit one is spacious and can be used as a 4-5 bed currently rented at $2425 a month. Unit 2 is a smaller, 2-room apartment that is vacant and was last rented at $1250.00. The numbers work for investors and great opportunity. Plenty of parking, gas heating, and a convenient location make this home a must-see! PROPERTY BEING SOLD AS-IS AND WITH THE CURRENT sec 8 TAW TENANT. THE COURT MUST APPROVE THE OFFER AND GIVE 3 WEEKS OFFER EXPIRATION. FHA loans will not qualify for this property

This home has been viewed 36 times

Last Checked: May 7th, 2024 at 3:36am (Source: MLS PIN #73020716)

Gross Income: $29,100

Gross Expenses: $5,233

Net Income Calc: $23,867

CAP Rate: 4.55%

Beach Front

Annual Expenses for 599 Lynn St, Revere MA 02151

Total Gross Expenses (Calculated)$5,233/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,233

Annual Income & Unit Breakdown for 599 Lynn St, Revere MA 02151

Total Gross Income (Calculated)$29,100

Unit 1

Rental Income$2,425

LeaseN

Bedrooms4

Bathrooms4 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesWater), Unit 1(electric

Unit 2

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater), Unit 1(electric

General Information for 599 Lynn St, Revere MA 02151

Listing ID73020716

Property TypeMulti Family

Price$524,900 ($164.03/SqFt)

StyleMulti Family

CityRevere

CountySuffolk

MLS Area

Neighborhood(s)

Approximate Living Area Total3,200 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking5

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRB

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 1 To 2 Mile To Beach

Energy FeaturesSolar

Terms

Disclosures for 599 Lynn St, Revere MA 02151

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosurePer Owner

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$29,100

Total Net Income By Broker$29,100

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 599 Lynn St, Revere MA 02151

Real Estate Taxes$5,233

Tax Year2022

Assessed Value$503,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$29,100

BostonRealEstate.com Gross Income

Total Net Income By Broker$29,100

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.55%

Location Information for 599 Lynn St, Revere MA 02151

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Shopping, Medical Facility

Contact Information for 599 Lynn St, Revere MA 02151

Agent

Name: Goldpath Real Estate Group

Office

Name: Cameron Real Estate Group

Phone: 781-486-3180

Team Members

Name: Jason Goldfarb

Phone: 855-977-1887

Payment Calculator

, Interest

Property Taxes 436.08

Principal & Interest 3234.27

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cameron Real Estate Group

Goldpath Real Estate Group

Agent Phone

Office Phone

(781) 486-3180

Text Agent Call Agent Call Office

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                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73020716&w=1024&h=768&n=20
                    [index] => 20
                    [enabled] => 1
                    [created] => 2024-05-07 03:36:21
                    [modified] => 2024-05-07 03:36:21
                )

[20] => Array
                (
                    [id] => 7133184
                    [name] => MLS21.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73020716&w=1024&h=768&n=21
                    [index] => 21
                    [enabled] => 1
                    [created] => 2024-05-07 03:36:21
                    [modified] => 2024-05-07 03:36:21
                )

)

)

EXIT