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16 Trinity Ave, Lynn MA 01902

$1,025,000

Estimated $2,470/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $341,666.67

Total Rent: 94800/year

Estimated CAP Rate:

12 Bedrooms

Baths

4710

Total Parking: 6

7,230 (0.16)

16 Trinity Ave (the "Property") is a HUGE three story building containing (3), 4-Bedroom/1-Bathroom units with 4,710 square feet of living area in 6,776 total SF on a 0.166-acre parcel of land with ample on-site parking. Two of the three residential units in the large multi-family building were recently renovated (one within the last several months). The top floor’s renovations included condominium quality finishes throughout. In-place leases are below market rates; the opportunity exists to upgrade the unrenovated unit interiors and unfinished attic space to drive rental rates in an urban-infill, high demand/supply-constrained residential market. 16 Trinity Avenue is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 6:26am (Source: MLS PIN #73097942)

Gross Income: $94,800

Gross Expenses: $9,690

Net Income Calc: $85,110

Annual Expenses for 16 Trinity Ave, Lynn MA 01902

Total Gross Expenses (Calculated)$9,690/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax9690

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

Total Gross Income (Calculated)$94,800

Unit 1

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 16 Trinity Ave, Lynn MA 01902

Listing ID73097942

Property TypeMulti Family / 3 Family

Price1025000 ($217.62/SqFt)

Style3 Family - 3 Units Up/down

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total4710

Approximate Lot Size (Acres)0.16

Total Parking6

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningR1

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 16 Trinity Ave, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Basement Shelves & Tv. Kitch Mirror & Musical Clock.1st Fl Lr Tv. Dartboard. Shelves In Dr.

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%

Facilitator Compensation0

Compensation Based OnGross/full Sale Price

Financial Information for 16 Trinity Ave, Lynn MA 01902

Real Estate Taxes9690

Tax Year2023

Assessed Value$869,100

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 16 Trinity Ave, Lynn MA 01902

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 16 Trinity Ave, Lynn MA 01902

Agent

Name: Stephen Girolamo

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Payment Calculator

, Interest

Property Taxes 807.5

Principal & Interest 6315.72

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Stephen Girolamo

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

17 More Photos

Closed

16 Trinity Ave, Lynn MA 01902

$1,025,000

Annual Expenses for 16 Trinity Ave, Lynn MA 01902

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

General Information for 16 Trinity Ave, Lynn MA 01902

Disclosures for 16 Trinity Ave, Lynn MA 01902

Financial Information for 16 Trinity Ave, Lynn MA 01902

Location Information for 16 Trinity Ave, Lynn MA 01902

Contact Information for 16 Trinity Ave, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Stephen Girolamo