Overview Property Details Payment Calculator Walkability

Expired

495-497 Eastern Ave, Lynn MA 01902

$799,900

Estimated $2,051.36/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $199,975

Total Rent: 29400/year

Estimated CAP Rate: 2.54%

2 Bedrooms

2 Full, 3 Half Baths

2,750 SqFt

Total Parking: 5 (1 Garage)

5,231 SqFt

Great opportunity for investors and business owners! It contains four total units with two residential units and two retail units; one commercial unit will be delivered vacant, while the other will be delivered and is currently being used as a nail salon. The two residential...

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 3:50am (Source: MLS PIN #72979101)

Gross Income: $29,400

Gross Expenses: $9,052

Net Income Calc: $20,348

CAP Rate: 2.54%

Beach Front

Annual Expenses for 495-497 Eastern Ave, Lynn MA 01902

Total Gross Expenses (Calculated)$9,052/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$9,052

Annual Income & Unit Breakdown for 495-497 Eastern Ave, Lynn MA 01902

Total Gross Income (Calculated)$29,400

Unit 1

Rental Income$1,200

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

Unit 2

Rental Income$1,250

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingYes

Rent IncludesUnit 1(none), Unit 2(none)

General Information for 495-497 Eastern Ave, Lynn MA 01902

Listing ID72979101

Property TypeMulti Family / 4 Family

Price$799,900 ($290.87/SqFt)

Style4 Family

CityLynn

CountyEssex

MLS AreaEast Lynn

Neighborhood(s)

Approximate Living Area Total2,750 SqFt

Approximate Lot Size (Acres)0.12 acres

Total Parking5 (1 Garage)

Garage Parking1 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningBD

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Walk To, Beach Front, Beach Ownership(public), 3/10 To 1/2 Mile To Beach

Energy Features

Terms

Disclosures for 495-497 Eastern Ave, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$29,400

Total Net Income By Broker$29,400

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 495-497 Eastern Ave, Lynn MA 01902

Real Estate Taxes$9,052

Tax Year2022

Assessed Value$507,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$29,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$29,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.54%

Location Information for 495-497 Eastern Ave, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaEast Lynn

Area AmenitiesPublic School, Shopping, Public Transportation, T-station, Private School, Sidewalks

Contact Information for 495-497 Eastern Ave, Lynn MA 01902

Agent

Name: Eugene L. Clements

Office

Name: Clements Realty Group

Phone: 781-595-9600

Payment Calculator

$5,683.06 per month

30 Years Fixed, 6.75% Interest

Property Taxes $754.33

Principal & Interest $4,928.73

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements

Agent Phone

Office Phone

(781) 595-9600

Text Agent Call Agent Call Office

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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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    [year_built_details] => Approximate
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    [zoning] => BD
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EXIT

Expired

495-497 Eastern Ave, Lynn MA 01902

$799,900

Annual Expenses for 495-497 Eastern Ave, Lynn MA 01902

Annual Income & Unit Breakdown for 495-497 Eastern Ave, Lynn MA 01902

General Information for 495-497 Eastern Ave, Lynn MA 01902

Disclosures for 495-497 Eastern Ave, Lynn MA 01902

Financial Information for 495-497 Eastern Ave, Lynn MA 01902

Location Information for 495-497 Eastern Ave, Lynn MA 01902

Contact Information for 495-497 Eastern Ave, Lynn MA 01902

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Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements