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Closed

345 Western Ave, Lynn MA 01904

$699,999

Estimated $1,679.97/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $349,999.50

Total Rent: 21600/year

Estimated CAP Rate: 2.15%

5 Bedrooms

2 Full Baths

2,255 SqFt

Total Parking: 5 (2 Garage)

5,573 SqFt

Two Family in great condition! This wonderful 2 Family home features gleaming HARDWOOD FLOORS throughout and a number of updates. Enjoy the 2 CAR GARAGE that you have been looking for. Garage features electricity and brand new garage door. The 2nd floor unit features updated bathroom with tiled shower, newer kitchen countertops, STAINLESS STEEL appliances, fresh paint, and more. Move in to this Multi Family and have a tenant help pay your mortgage as you gain equity. Use backyard space for gardening, enjoying with friends & family, or just relaxing. Enjoy this convenient location ON BUS LINE, close to shopping, and EASY COMMUTE to Logan Airport. Take advantage of hiking at Lynn Woods, Lynn BEACH, and everything that Lynn has to offer. No Open Houses, Private Showings Only on Wednesday & Sunday. Reach out to List Agent to schedule your time today!

This home has been viewed 32 times

Last Checked: May 7th, 2024 at 8:41am (Source: MLS PIN #73120318)

Gross Income: $21,600

Gross Expenses: $6,539

Net Income Calc: $15,061

CAP Rate: 2.15%

Beach Front

Annual Expenses for 345 Western Ave, Lynn MA 01904

Total Gross Expenses (Calculated)$6,539/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,539

Annual Income & Unit Breakdown for 345 Western Ave, Lynn MA 01904

Total Gross Income (Calculated)$21,600

Unit 1

Rental Income$1,800

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

General Information for 345 Western Ave, Lynn MA 01904

Listing ID73120318

Property TypeMulti Family

Price$699,999 ($310.42/SqFt)

StyleMulti Family

CityLynn

CountyEssex

MLS AreaEast Lynn

Neighborhood(s)

Approximate Living Area Total2,255 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking5 (2 Garage)

Garage Parking2 / Detached

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesOther

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 345 Western Ave, Lynn MA 01904

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$21,600

Total Net Income By Broker$21,600

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation2.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 345 Western Ave, Lynn MA 01904

Real Estate Taxes$6,539

Tax Year2023

Assessed Value$586,500

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$21,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$21,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.15%

Location Information for 345 Western Ave, Lynn MA 01904

Elementary School

Middle SchoolPickering

High SchoolLynn Engish

Neighborhood(s)

MLS AreaEast Lynn

Area AmenitiesPublic School, Shopping, Golf, Park, Medical Facility, Bike Path, Public Transportation, Private School

Contact Information for 345 Western Ave, Lynn MA 01904

Agent

Name: Christopher Martin

Office

Name: Cameron Prestige, LLC

Phone: 857-331-5127

Payment Calculator

, Interest

Property Taxes 544.92

Principal & Interest 4313.17

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Cameron Prestige, LLC

Christopher Martin

Agent Phone

Office Phone

(857) 331-5127

Text Agent Call Agent Call Office

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[perc_test] => Array
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[perc_test_date] => Unknown
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                    [enabled] => 1
                    [created] => 2024-05-07 08:41:05
                    [modified] => 2024-05-07 08:41:05
                )

)

)

EXIT