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62 Lincoln Avenue, Lynnfield MA 01940

$999,900

Estimated $2,377/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $499,950

Total Rent: 43200/year

Estimated CAP Rate:

4 Bedrooms

Baths

2568

Total Parking: 12 (2 Garage)

20,277 (0.47)

Rare opportunity to own a duplex style two-family in Lynnfield near the Center. This unique property is the perfect purchase to have rental income to offset the mortgage, an attractive downsize option, ideal for multigenerational living, or a strict income producing investment. Property is a great addition to any rental portfolio. The property features 2 townhouse units each in excellent condition with 2 bedrooms,1 full bath, hardwood floors, & separate walkout basements. An addition grants each unit a spacious family room leading to a deck. This unique property also offers a 2-car garage with an expansive area above accessed by a separate staircase. There are many options for this feature as the owner could use the building or could rent the space for additional income. Also, the second floor could be finished for an office, etc. There is a great yard with this property & it is located in wonderful residential neighborhood. This is a special opportunity that is rarely available!

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 6:11am (Source: MLS PIN #73097540)

Gross Income: $43,200

Gross Expenses: $9,065

Net Income Calc: $34,135

Water Views

Annual Expenses for 62 Lincoln Avenue, Lynnfield MA 01940

Total Gross Expenses (Calculated)$9,065/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9065

Annual Income & Unit Breakdown for 62 Lincoln Avenue, Lynnfield MA 01940

Total Gross Income (Calculated)$43,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit2

Rent IncludesHeat

General Information for 62 Lincoln Avenue, Lynnfield MA 01940

Listing ID73097540

Property TypeMulti Family / 2 Family

Price999900 ($389.37/SqFt)

Style2 Family - 2 Units Side By Side

CityLynnfield

CountyEssex

Neighborhood(s)Ipswich

Approximate Living Area Total2568

Approximate Lot Size (Acres)0.47

Total Parking12 (2 Garage)

Garage Parking2

Year Built1890

Year Built SourcePublic Records

Year Built DetailsActual

WaterPublic

SewerPrivate Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRA

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 62 Lincoln Avenue, Lynnfield MA 01940

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsGenerator

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Compensation Based OnNet Sale Price

Financial Information for 62 Lincoln Avenue, Lynnfield MA 01940

Real Estate Taxes9065

Tax Year2023

Assessed Value$802,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 62 Lincoln Avenue, Lynnfield MA 01940

Elementary SchoolSummer Street

Middle SchoolLynnfield

High SchoolLynnfield

Neighborhood(s)Ipswich

Area Amenities

Contact Information for 62 Lincoln Avenue, Lynnfield MA 01940

Agent

Name: Helen Bolino

Office

Name: Berkshire Hathaway HomeServices Commonwealth Real Estate

Phone: 781-246-2100

Payment Calculator

, Interest

Property Taxes 755.42

Principal & Interest 6161.07

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Berkshire Hathaway HomeServices Commonwealth Real Estate

Helen Bolino

Agent Phone

Office Phone

(781) 246-2100

Text Agent Call Agent Call Office

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    [unparsed] => 62 Lincoln Avenue, Lynnfield MA 01940
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EXIT

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