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Closed

16 Rantoul Ave, Lynn MA 01902

$449,999

Estimated $1,197.42/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $224,999.50

Total Rent: 0/year

Estimated CAP Rate: -1.55%

6 Bedrooms

3 Full Baths

2,306 SqFt

Total Parking: 3

4,490 SqFt

Contractors, investors and owner occupants take notice. This legal 2-family in Lynn Highlands is back on the market. With some sweat-equity, this could be a great opportunity for extra income to fix up and rent out. Long term rental history at below market values. Separate utilities and heating for each unit. Unit 1 is a 4bed/2bath unit (with a bonus room) and unit 2 is a Studio/1 bath unit. Ample parking in the rear and lots of land for renovation/additions and improvements! Electric work updated in unit 1 over the last 3 years with all new heating baseboards added. Newer range and fridge in both units. The property is vacant and will be delivered vacant. Property to be sold "AS-IS" and is priced to sell. It is recommended that buyer/buyer agent independently verify all information and do their due diligence.

This home has been viewed 51 times

Last Checked: May 7th, 2024 at 5:46am (Source: MLS PIN #73064742)

Gross Income: $0

Gross Expenses: $6,963

Net Income Calc: $6,963

CAP Rate: -1.55%

Beach Front

Annual Expenses for 16 Rantoul Ave, Lynn MA 01902

Total Gross Expenses (Calculated)$6,963/year

APOD AvailableNo

Heating

Electricity

Water$950

Gas$950

Insurance

Sewer$950

Trash Removal

Repair & Maintenance$400

Management

Miscellaneous

Real Estate Tax$5,613

Annual Income & Unit Breakdown for 16 Rantoul Ave, Lynn MA 01902

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesHot Water), Unit 1(water, Unit 2(water

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesHot Water), Unit 1(water, Unit 2(water

General Information for 16 Rantoul Ave, Lynn MA 01902

Listing ID73064742

Property TypeMulti Family

Price$449,999 ($195.14/SqFt)

StyleMulti Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,306 SqFt

Approximate Lot Size (Acres)0.1 acres

Total Parking3

Garage Parking

Year Built1890

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 16 Rantoul Ave, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$1,350

Total Gross Income By Broker$39,000

Total Net Income By Broker$37,650

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 16 Rantoul Ave, Lynn MA 01902

Real Estate Taxes$5,613

Tax Year2022

Assessed Value$451,600

Financial Data Source

Total Gross Expenses By Broker$1,350

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$39,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$37,650

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.55%

Location Information for 16 Rantoul Ave, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesPublic School, Shopping, Public Transportation

Contact Information for 16 Rantoul Ave, Lynn MA 01902

Agent

Name: Ashlie Perry

Office

Name: Compass

Phone: 617-206-3333

Payment Calculator

, Interest

Property Taxes 467.75

Principal & Interest 2772.75

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Compass

Ashlie Perry

Agent Phone

Office Phone

(617) 206-3333

Text Agent Call Agent Call Office

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                    [modified] => 2024-05-07 05:46:14
                )

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                )

[22] => Array
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                )

[23] => Array
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                    [modified] => 2024-05-07 05:46:14
                )

[24] => Array
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                    [index] => 25
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                    [modified] => 2024-05-07 05:46:14
                )

[25] => Array
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                    [index] => 26
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                    [modified] => 2024-05-07 05:46:14
                )

[26] => Array
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                    [index] => 27
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                    [modified] => 2024-05-07 05:46:14
                )

[27] => Array
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                    [index] => 28
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                    [modified] => 2024-05-07 05:46:14
                )

[28] => Array
                (
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                    [index] => 29
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                    [modified] => 2024-05-07 05:46:14
                )

[29] => Array
                (
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                    [index] => 30
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                    [modified] => 2024-05-07 05:46:14
                )

[30] => Array
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                    [index] => 31
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:46:14
                )

[31] => Array
                (
                    [id] => 7374624
                    [name] => MLS32.jpg
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                    [index] => 32
                    [enabled] => 1
                    [created] => 2024-05-07 05:46:14
                    [modified] => 2024-05-07 05:46:14
                )

[32] => Array
                (
                    [id] => 7374625
                    [name] => MLS33.jpg
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73064742&w=1024&h=768&n=33
                    [index] => 33
                    [enabled] => 1
                    [created] => 2024-05-07 05:46:14
                    [modified] => 2024-05-07 05:46:14
                )

[33] => Array
                (
                    [id] => 7374626
                    [name] => MLS34.jpg
                    [type] => gallery
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                    [url] => https://media.mlspin.com/photo.aspx?mls=73064742&w=1024&h=768&n=34
                    [index] => 34
                    [enabled] => 1
                    [created] => 2024-05-07 05:46:14
                    [modified] => 2024-05-07 05:46:14
                )

[34] => Array
                (
                    [id] => 7374627
                    [name] => MLS35.jpg
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                    [index] => 35
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:46:14
                )

[35] => Array
                (
                    [id] => 7374628
                    [name] => MLS36.jpg
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                    [index] => 36
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:46:14
                )

[36] => Array
                (
                    [id] => 7374629
                    [name] => MLS37.jpg
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                    [index] => 37
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:46:14
                )

[37] => Array
                (
                    [id] => 7374630
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                    [index] => 38
                    [enabled] => 1
                    [created] => 2024-05-07 05:46:14
                    [modified] => 2024-05-07 05:46:14
                )

)

)

EXIT