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11 Tilton Ter, Lynn MA 01902

$749,000

Estimated $1,792.17/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $187,250

Total Rent: 9600/year

Estimated CAP Rate: 0.36%

5 Bedrooms

4 Full Baths

3,146 SqFt

Total Parking: 4 (2 Garage)

3,839 SqFt

**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 49 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

CAP Rate: 0.36%

Beach Front

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 Tax$6,932

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

HeatingNo

Rent Includes

Unit 2

Rental Income$800

LeaseN

Bedrooms0

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

LeaseN

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

Unit 4

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 11 Tilton Ter, Lynn MA 01902

Listing ID73035837

Property TypeMulti Family / 4 Family

Price$749,000 ($238.08/SqFt)

Style4 Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total3,146 SqFt

Approximate Lot Size (Acres)0.09 acres

Total Parking4 (2 Garage)

Garage Parking2 / Detached

Year Built1900

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

ZoningBD

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public)

Energy Features

Terms

Disclosures for 11 Tilton Ter, 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$0

Total Gross Income By Broker$33,600

Total Net Income By Broker$33,600

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 11 Tilton Ter, Lynn MA 01902

Real Estate Taxes$6,932

Tax Year2022

Assessed Value$557,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$33,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$33,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.36%

Location Information for 11 Tilton Ter, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesWalk/jog Trails, Public School, Public Transportation

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 $0

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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[owner_occupancy_source] => 
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[pasture_area] => None
    [patio_and_porch] => Array
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[perc_test] => Array
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[perc_test_date] => Unknown
    [pet_policy] => Array
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[sewer_expense] => Array
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    [team] => Array
        (
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[terms] => Array
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    [trash_expense] => Array
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[uffi] => Array
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[unit_1_bathrooms] => 1 Full
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[unit_1_levels] => 1
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[unit_2_bathrooms] => 1 Full
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[water] => Array
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[water_expense] => Array
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[water_views_features] => Array
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    [zoning] => BD
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EXIT

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