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11 Tilton Ter, Lynn MA 01902

$749,000

Estimated $1,792/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $187,250

Total Rent: 9600/year

Estimated CAP Rate:

5 Bedrooms

Baths

3146

Total Parking: 4 (2 Garage)

3,839 (0.09)

**PROPERTY CAN NOW BE DELIVERED VACANT AT CLOSING**This is a rare opportunity to own a legal 4-unit building that's conveniently located on a lightly traveled dead-end street. The property is perfect for an owner occupancy, as a rental investment property, or an ideal 1031 exchange replacement property. The first-floor one-bedroom unit was rehabbed in 2022 with new flooring, kitchen, appliances, quartz countertops, and cabinets. Two additional large studios and a huge, 2-floor 4-bedroom unit on floors 2 and 3. Complete roof repair in 2022, including new metal flashing and siding replacement. New water heater and some updated electrical. Plenty of storage in the basement that is mostly above grade with two separate egresses for a possible 5th unit to be added (not approved). Large detached garage, shared backyard space, and a driveway for off-street parking (not currently assigned to any unit). There is a coin-op laundry washer and dryer in the basement that is included with the sale.

This home has been viewed 68 times

Last Checked: May 7th, 2024 at 6:45am (Source: MLS PIN #73035837)

Gross Income: $9,600

Gross Expenses: $6,932

Net Income Calc: $2,668

Annual Expenses for 11 Tilton Ter, Lynn MA 01902

Total Gross Expenses (Calculated)$6,932/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax6932

Annual Income & Unit Breakdown for 11 Tilton Ter, Lynn MA 01902

Total Gross Income (Calculated)$9,600

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

General Information for 11 Tilton Ter, Lynn MA 01902

Listing ID73035837

Property TypeMulti Family / 4 Family

Price749000 ($238.08/SqFt)

Style4 Family

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total3146

Approximate Lot Size (Acres)0.09

Total Parking4 (2 Garage)

Garage Parking2

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningBD

Water Views

Water Views Features

Waterfront FeaturesRiver

Terms

Disclosures for 11 Tilton Ter, 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 11 Tilton Ter, Lynn MA 01902

Real Estate Taxes6932

Tax Year2022

Assessed Value$557,700

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 11 Tilton Ter, Lynn MA 01902

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 11 Tilton Ter, Lynn MA 01902

Agent

Name: Vision Realty Group

Office

Name: LAER Realty Partners

Phone: 844-687-5237

Payment Calculator

, Interest

Property Taxes 577.67

Principal & Interest 4615.1

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

LAER Realty Partners

Vision Realty Group

Agent Phone

Office Phone

(844) 687-5237

Text Agent Call Agent Call Office

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EXIT

5 More Photos

Closed

11 Tilton Ter, Lynn MA 01902

$749,000

Annual Expenses for 11 Tilton Ter, Lynn MA 01902

Annual Income & Unit Breakdown for 11 Tilton Ter, Lynn MA 01902

General Information for 11 Tilton Ter, Lynn MA 01902

Disclosures for 11 Tilton Ter, Lynn MA 01902

Financial Information for 11 Tilton Ter, Lynn MA 01902

Location Information for 11 Tilton Ter, Lynn MA 01902

Contact Information for 11 Tilton Ter, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

LAER Realty Partners

Vision Realty Group