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Closed

205 Western Ave, Lynn MA 01904

$699,000

Estimated $1,717.76/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,500

Total Rent: 24000/year

Estimated CAP Rate: 2.43%

4 Bedrooms

2 Full Baths

1,909 SqFt

Total Parking: 6

5,919 SqFt

Wonderful opportunity for an Owner Occupied 2 Family Home or Investment Property to add to your Portfolio. The entire home was Renovated in 2018 from the studs out. Both units feature a similar layout with 2 Beds, 1 Full Bath, Living Room, Updated Kitchen, Private Back Deck, Driveway and Shared Yard. Gleaming Hardwood Floors and Fresh Paint flow throughout the both units. Tastefully Updated Kitchens boast White Shaker Cabinets, Granite Counters and Stainless Steel Appliances. Dedicated Private Back Decks, Off Street Parking and Common Yard Space. Close to MBTA, Shopping and Dining and major Highways. Unit 1 is vacant Unit 2 is leased through 5/31/23.

This home has been viewed 28 times

Last Checked: May 7th, 2024 at 5:16am (Source: MLS PIN #73089943)

Gross Income: $24,000

Gross Expenses: $7,012

Net Income Calc: $16,988

CAP Rate: 2.43%

Annual Expenses for 205 Western Ave, Lynn MA 01904

Total Gross Expenses (Calculated)$7,012/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,012

Annual Income & Unit Breakdown for 205 Western Ave, Lynn MA 01904

Total Gross Income (Calculated)$24,000

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,000

LeaseY

Bedrooms2

Bathrooms2 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 205 Western Ave, Lynn MA 01904

Listing ID73089943

Property TypeMulti Family

Price$699,000 ($366.16/SqFt)

StyleMulti Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total1,909 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking6

Garage Parking

Year Built1903

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 205 Western Ave, Lynn MA 01904

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$24,000

Total Net Income By Broker$24,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 205 Western Ave, Lynn MA 01904

Real Estate Taxes$7,012

Tax Year2023

Assessed Value$628,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$24,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$24,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.43%

Location Information for 205 Western Ave, Lynn MA 01904

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Conservation Area, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Private School

Contact Information for 205 Western Ave, Lynn MA 01904

Agent

Name: Christopher Gianatassio

Office

Name: CDG Realty Group

Phone: 617-755-9787

Team Members

Payment Calculator

, Interest

Property Taxes 584.33

Principal & Interest 4307.02

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

CDG Realty Group

Christopher Gianatassio

Agent Phone

Office Phone

(617) 755-9787

Text Agent Call Agent Call Office

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                    [modified] => 2024-05-07 05:16:24
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                    [modified] => 2024-05-07 05:16:24
                )

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                )

[22] => Array
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                    [modified] => 2024-05-07 05:16:24
                )

[23] => Array
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                    [index] => 24
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                    [modified] => 2024-05-07 05:16:24
                )

[24] => Array
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                    [index] => 25
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                    [modified] => 2024-05-07 05:16:24
                )

[25] => Array
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                    [modified] => 2024-05-07 05:16:24
                )

[26] => Array
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                    [modified] => 2024-05-07 05:16:24
                )

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                    [modified] => 2024-05-07 05:16:24
                )

[28] => Array
                (
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                    [modified] => 2024-05-07 05:16:24
                )

[29] => Array
                (
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                    [index] => 30
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:16:24
                )

[30] => Array
                (
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                    [index] => 31
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:16:24
                )

[31] => Array
                (
                    [id] => 7318548
                    [name] => MLS32.jpg
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                    [index] => 32
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:16:24
                )

[32] => Array
                (
                    [id] => 7318549
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                    [index] => 33
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:16:24
                )

[33] => Array
                (
                    [id] => 7318550
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                    [modified] => 2024-05-07 05:16:24
                )

[34] => Array
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                    [index] => 35
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:16:24
                )

)

)

EXIT