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 u...
This home has been viewed 35 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