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24 Chester Pl, Lynn MA 01904

$550,000

Estimated $1,415.74/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $275,000

Total Rent: 41400/year

Estimated CAP Rate: 5.55%

5 Bedrooms

2 Full Baths

2,137 SqFt

Total Parking: 3

1,677 SqFt

***** Buyer got cold feet, their loss can be your gain ***** INVESTORS ONLY, CASH PREFERRED. Property being sold with tenants! Eviction of Unit 1 is in process. Seller will consider all reasonable offers. Investment opportunity, 3 level 2 family for a steal! House is in overall good condition with separate utilities and newer siding. Units could use updating and would be well worth the efforts. Property being sold "as is". For more pictures see previous listing from when seller purchased MLS 72234239

This home has been viewed 34 times

Last Checked: May 7th, 2024 at 3:55am (Source: MLS PIN #73086260)

Gross Income: $41,400

Gross Expenses: $10,886

Net Income Calc: $30,514

CAP Rate: 5.55%

Annual Expenses for 24 Chester Pl, Lynn MA 01904

Total Gross Expenses (Calculated)$10,886/year

APOD AvailableNo

Heating

Electricity

Water$2,120

Gas$2,120

Insurance$2,479

Sewer$2,120

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,287

Annual Income & Unit Breakdown for 24 Chester Pl, Lynn MA 01904

Total Gross Income (Calculated)$41,400

Unit 1

Rental Income$1,675

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesElectric, Water, Unit 2(water), Unit 1(heat, Hot Water)

Unit 2

Rental Income$1,775

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesElectric, Water, Unit 2(water), Unit 1(heat, Hot Water)

General Information for 24 Chester Pl, Lynn MA 01904

Listing ID73086260

Property TypeMulti Family / 2 Family

Price$550,000 ($257.37/SqFt)

Style2 Family - 2 Units Up/down

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,137 SqFt

Approximate Lot Size (Acres)0.04 acres

Total Parking3

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual,Approximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR4

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 24 Chester Pl, Lynn MA 01904

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceEstimated

Total Gross Expenses By Broker$4,599

Total Gross Income By Broker$41,400

Total Net Income By Broker$36,801

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 24 Chester Pl, Lynn MA 01904

Real Estate Taxes$6,287

Tax Year2023

Assessed Value$563,900

Financial Data SourceEstimated

Total Gross Expenses By Broker$4,599

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$41,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$36,801

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.55%

Location Information for 24 Chester Pl, Lynn MA 01904

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Pool, Tennis Court(s), University

Contact Information for 24 Chester Pl, Lynn MA 01904

Agent

Name: LeeAnne Trohon

Office

Name: LAER Realty Partners

Phone: 978-777-5509

Payment Calculator

, Interest

Property Taxes 523.92

Principal & Interest 3388.93

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

LeeAnne Trohon

Agent Phone

Office Phone

(978) 777-5509

Text Agent Call Agent Call Office

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[owner_occupancy_source] => 
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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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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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    [year_built_details] => Actual,Approximate
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EXIT