Overview Property Details Payment Calculator Walkability

Closed

16 Trinity Ave, Lynn MA 01902

$1,025,000

Estimated $2,469.53/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $341,666.67

Total Rent: 94800/year

Estimated CAP Rate: 8.30%

12 Bedrooms

3 Full Baths

4,710 SqFt

Total Parking: 6

7,230 SqFt

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-...

This home has been viewed 17 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

CAP Rate: 8.30%

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 Tax$9,690

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

Total Gross Income (Calculated)$94,800

Unit 1

Rental Income$2,300

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,300

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$3,300

LeaseN

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent Includes

General Information for 16 Trinity Ave, Lynn MA 01902

Listing ID73097942

Property TypeMulti Family / 3 Family

Price$1,025,000 ($217.62/SqFt)

Style3 Family - 3 Units Up/down

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,710 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking6

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone,Brick/Mortar

Accessible Features

Outdoor Space

ZoningR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 16 Trinity Ave, Lynn MA 01902

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$25,149

Total Gross Income By Broker$97,200

Total Net Income By Broker$72,051

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 Trinity Ave, Lynn MA 01902

Real Estate Taxes$9,690

Tax Year2023

Assessed Value$869,100

Financial Data Source

Total Gross Expenses By Broker$25,149

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$97,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$72,051

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)8.30%

Location Information for 16 Trinity Ave, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public Transportation, T-station

Contact Information for 16 Trinity Ave, Lynn MA 01902

Agent

Name: Stephen Girolamo

MLS ID: CN227795

Office ID: AN2723

Address: 16 Preble Street, Unit 1

City: Boston

State: MA

Zip: 02127

Office

Name: Horvath & Tremblay

MLS Office ID: AN2723

Phone: 781-776-4000

Team Members

Payment Calculator

$7,123.22 per month

30 Years Fixed, 6.75% Interest

Property Taxes $807.50

Principal & Interest $6,315.72

HOA Dues $0

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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                    [created] => 2024-05-07 06:26:05
                    [modified] => 2024-05-07 06:26:05
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)

)

EXIT

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

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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

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Horvath & Tremblay

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