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Closed

68 Laurel St, Lynn MA 01905

$949,900

Estimated $2,240.09/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $316,633.33

Total Rent: 33000/year

Estimated CAP Rate: 2.59%

6 Bedrooms

3 Full Baths

3,645 SqFt

Total Parking: 12 (2 Garage)

8,025 SqFt

West Lynn Gem, 3 Family with 5 rooms 2 bedrooms and 1 full bath each floor. Classic Kitchen, Living Room , Dining room layout, First floor will be delivered vacant . First ,Third floor, and common areas have lead certificates of compliance issued in 2017, Side porches for all three units , 20' X 20' rear common deck for entertaining , 3 FHA X Gas new 2005, Siding and roof new 2002, 3 40 gallon Hot water tanks and separate 100 amp electric circuit breakers, Rare find parking for 8 plus cars and 2 car garage, Fenced in yard in the back. Come and find all that that Lynn has to offer, close to Beach, Schools, Shopping, Restaurants and all the necessities, Easy Commute to Boston and all major highways North and South. Basement is clean and has plenty of storage plus 3 Washer Dryer hookups . Excellent investment but also perfect for a new owner occupant

This home has been viewed 31 times

Last Checked: May 7th, 2024 at 4:21am (Source: MLS PIN #73091661)

Gross Income: $33,000

Gross Expenses: $8,398

Net Income Calc: $24,602

CAP Rate: 2.59%

Beach Front

Annual Expenses for 68 Laurel St, Lynn MA 01905

Total Gross Expenses (Calculated)$8,398/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,398

Annual Income & Unit Breakdown for 68 Laurel St, Lynn MA 01905

Total Gross Income (Calculated)$33,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 2

Rental Income$1,350

LeaseN

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

Unit 3

Rental Income$1,400

LeaseN

Bedrooms2

Bathrooms2 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water)

General Information for 68 Laurel St, Lynn MA 01905

Listing ID73091661

Property TypeMulti Family / 3 Family

Price$949,900 ($260.6/SqFt)

Style3 Family

CityLynn

CountyEssex

MLS AreaWest Lynn

Neighborhood(s)

Approximate Living Area Total3,645 SqFt

Approximate Lot Size (Acres)0.18 acres

Total Parking12 (2 Garage)

Garage Parking2 / Detached

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningR4

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

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

Energy Features

Terms

Disclosures for 68 Laurel St, Lynn MA 01905

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosuresee attached first floor floor plan

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$33,000

Total Net Income By Broker$33,000

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 68 Laurel St, Lynn MA 01905

Real Estate Taxes$8,398

Tax Year2023

Assessed Value$753,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$33,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.59%

Location Information for 68 Laurel St, Lynn MA 01905

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaWest Lynn

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Park, Laundromat, Bike Path, Public Transportation, T-station, Tennis Court(s)

Contact Information for 68 Laurel St, Lynn MA 01905

Agent

Name: Richard Powers

Office

Name: Toner Real Estate, LLC

Phone: 781-780-9054

Payment Calculator

, Interest

Property Taxes 699.83

Principal & Interest 5852.98

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Toner Real Estate, LLC

Richard Powers

Agent Phone

Office Phone

(781) 780-9054

Text Agent Call Agent Call Office

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    [description] => West Lynn Gem, 3 Family with 5 rooms 2 bedrooms and 1 full bath each floor. Classic Kitchen, Living Room , Dining room layout,  First floor will be delivered vacant . First ,Third floor, and common areas  have lead certificates of compliance issued in 2017, Side porches for all three units ,  20' X 20' rear common deck for entertaining , 3 FHA X Gas  new 2005, Siding and roof new 2002,  3 40 gallon Hot water tanks and separate 100 amp electric circuit breakers, Rare find parking for 8 plus cars and 2 car garage, Fenced in yard in the back. Come and find all that that Lynn has to offer, close to Beach, Schools, Shopping, Restaurants  and all the necessities, Easy Commute to Boston and all major highways North and South. Basement is clean and has plenty of storage plus 3 Washer Dryer hookups . Excellent investment but also perfect for a new owner occupant
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[road_frontage_type] => Array
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[timber_acres] => None
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        )

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EXIT

Closed

68 Laurel St, Lynn MA 01905

$949,900

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Toner Real Estate, LLC

Richard Powers