Great West Lynn location for this large three family home. Units 1 & 2 are four bedrooms, with 1 and 2 bathrooms each. Third floor unit is a cozy two bedroom, one bathroom apartment. There are two additional rooms and a full bathroom in the basement. 4 off-street parking spaces. All gas systems for heating and hot water. All units are deleaded. Some upgrades maybe required. Long term tenants in place with some room for rent increases. Take advantage of the booming Lynn housing market and get your income producing property now.
This home has been viewed 31 times
Last Checked: May 7th, 2024 at 12:26pm (Source: MLS PIN #73136344)
Gross Income: $60,600
Gross Expenses: $7,918
Net Income Calc: $52,682
CAP Rate: 6.28%
Annual Expenses for 95 South Street, Lynn MA 01905
Total Gross Expenses (Calculated)$7,918/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$7,918.73
Annual Income & Unit Breakdown for 95 South Street, Lynn MA 01905
Total Gross Income (Calculated)$60,600
Unit 1
Rental Income$1,950
LeaseN
Bedrooms4
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent Includes
Unit 2
Rental Income$2,000
LeaseY
Bedrooms4
Bathrooms2 Full
Floor2
Levels in Unit1
HeatingNo
Rent Includes
Unit 3
Rental Income$1,100
Lease
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingNo
Rent Includes
General Information for 95 South Street, Lynn MA 01905
Listing ID73136344
Property TypeMulti Family / 3 Family
Price$839,000 ($275.08/SqFt)
Style3 Family
CityLynn
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total3,050 SqFt
Approximate Lot Size (Acres)0.07 acres
Total Parking4
Garage Parking
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 DescriptionStone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningR4
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 95 South Street, Lynn MA 01905
Lead Paint
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourceOwner
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$56,400
Total Net Income By Broker$56,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2
Facilitator Compensation2
Sub-Agent Compensation2
Compensation Based OnGross/full Sale Price
Financial Information for 95 South Street, Lynn MA 01905
Real Estate Taxes$7,918.73
Tax Year2023
Assessed Value$710,200
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$56,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$56,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)6.28%
Location Information for 95 South Street, Lynn MA 01905
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesShopping, Public Transportation
Contact Information for 95 South Street, Lynn MA 01905