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38 Chatham St, Lynn MA 01902

$749,900

Estimated $1,786.29/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $374,950

Total Rent: 38400/year

Estimated CAP Rate: 4.21%

6 Bedrooms

3 Full Baths

2,314 SqFt

Total Parking: 1

2,764 SqFt

Welcome and check out this 2 unit home Lynn. Perfect for an owner occupied or rental opportunity. 1st floor unit features 2 bedrooms and 1 bath. The 2nd floor unit features townhouse style 4 bedrooms and 2 bath. 1st and 2nd floor forced hot air and 3rd Electrical heating. First floor to be delivered vacant.

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 8:45am (Source: MLS PIN #73120723)

Gross Income: $38,400

Gross Expenses: $6,844

Net Income Calc: $31,556

CAP Rate: 4.21%

Annual Expenses for 38 Chatham St, Lynn MA 01902

Total Gross Expenses (Calculated)$6,844/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,844

Annual Income & Unit Breakdown for 38 Chatham St, Lynn MA 01902

Total Gross Income (Calculated)$38,400

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$3,200

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent Includes

General Information for 38 Chatham St, Lynn MA 01902

Listing ID73120723

Property TypeMulti Family

Price$749,900 ($324.07/SqFt)

StyleMulti Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,314 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking1

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot FeaturesEasements

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR1

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 38 Chatham St, 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$38,400

Total Net Income By Broker$38,400

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 38 Chatham St, Lynn MA 01902

Real Estate Taxes$6,844

Tax Year2023

Assessed Value$613,800

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$38,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$38,400

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.21%

Location Information for 38 Chatham St, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 38 Chatham St, Lynn MA 01902

Agent

Name: Team Valdez Mejia

Office

Name: Keller Williams Realty

Phone: 978-475-2111

Team Members

Name: Penelope Valdez Mejia

Phone: 978-873-2554

Payment Calculator

, Interest

Property Taxes 570.33

Principal & Interest 4620.65

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Team Valdez Mejia

Agent Phone

Office Phone

(978) 475-2111

Text Agent Call Agent Call Office

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EXIT