Knock! Knock this opportunity is at your door. Mix use property comes with the a bakery commercial lease tenant in unit one. Residential tenant at will in unit 2. Property are well maintained. 1+ year old roof, newly installed oil tank for unit 2, 2 year old water tank for u...
This home has been viewed 95 times
Last Checked: April 5th, 2025 at 7:13am (Source: MLS PIN #73277682)
Gross Income: $47,400
Gross Expenses: $3,488
Net Income Calc: $43,912
CAP Rate: 6.18%
Beach Front
Annual Expenses for 141 Essex St, Lynn MA 01902
Total Gross Expenses (Calculated)$3,488/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$3,488
Annual Income & Unit Breakdown for 141 Essex St, Lynn MA 01902
Total Gross Income (Calculated)$47,400
Unit 1
Rental Income$2,150
LeaseY
Bedrooms1
Bathrooms1 Half
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
Unit 2
Rental Income$1,800
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water)
General Information for 141 Essex St, Lynn MA 01902
Listing ID73277682
Property TypeMulti Family / 2 Family
Price$710,000 ($377.66/SqFt)
Style2 Family - 2 Units Up/down
CityLynn
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total1,880 SqFt
Approximate Lot Size (Acres)0.05 acres
Total Parking1
Garage Parking
Year Built1906
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
Zoningr4
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Front, 1/10 To 3/10 To Beach, Beach Ownership(public)
Energy Features
Terms
Disclosures for 141 Essex St, Lynn MA 01902
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceNot Available
Total Gross Expenses By Broker$0
Total Gross Income By Broker$47,400
Total Net Income By Broker$47,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation2%
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Financial Information for 141 Essex St, Lynn MA 01902
Real Estate Taxes$3,488
Tax Year2024
Assessed Value$443,300
Financial Data SourceNot Available
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$47,400
BostonRealEstate.com Gross Income
Total Net Income By Broker$47,400
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)6.18%
Location Information for 141 Essex St, Lynn MA 01902
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHouse Of Worship, Public School, Shopping, Laundromat, Public Transportation
Contact Information for 141 Essex St, Lynn MA 01902