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Expired

495-497 Eastern Ave, Lynn MA 01902

$799,900

Estimated $2,051/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $199,975

Total Rent: 29400/year

Estimated CAP Rate:

2 Bedrooms

Baths

2750

Total Parking: 5 (1 Garage)

5,231 (0.12)

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 units are large 3 room, 1 bedroom units, both containing access to the large second level deck. Building units feature separate utilities. The property also contains a full sized yard with a one car garage. All units are currently tenants at will. Market value rents for the residential units are approximately $1,650/month, and the market value for the commercial units are at approximately $1,850/month.

This home has been viewed 45 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

Water Views

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 Tax9052

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

Total Gross Income (Calculated)$29,400

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

Unit 4

Rental Income$0

Lease

Bathrooms

Rent IncludesHeat

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

Listing ID72979101

Property TypeMulti Family / 4 Family

Price799900 ($290.87/SqFt)

Style4 Family

CityLynn

CountyEssex

MLS AreaEast Lynn

Neighborhood(s)

Approximate Living Area Total2750

Approximate Lot Size (Acres)0.12

Total Parking5 (1 Garage)

Garage Parking1

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningBD

Water ViewsNo

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 495-497 Eastern Ave, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOwner

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 495-497 Eastern Ave, Lynn MA 01902

Real Estate Taxes9052

Tax Year2022

Assessed Value$507,800

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 495-497 Eastern Ave, Lynn MA 01902

Neighborhood(s)

MLS AreaEast Lynn

Area AmenitiesWalk/jog Trails

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

, Interest

Property Taxes 754.33

Principal & Interest 4928.73

HOA Dues

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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    [unparsed] => 495-497 Eastern Ave, Lynn MA 01902
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EXIT

21 More Photos

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

Agent

Office

Payment Calculator

Exclusive Listing Agent

Clements Realty Group

Eugene L. Clements