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Canceled

219-229 Lewis St, Lynn MA 01902

$3,995,000

Estimated $8,227.87/month Calculator

Multi Family

Total Units: 10

Price Per Unit: $399,500

Total Rent: 50400/year

Estimated CAP Rate: 0.51%

15 Bedrooms

5 Full Baths

99,999 SqFt

Total Parking: 0

5,655 SqFt

Immaculate 10 unit mixed use brick building. Newer roof, plumbing, electrical, central AC for all units.. Hard wired smoke and sprinkler system as well. Property consists of 5 commercial retail units on first level. Five 3 bed 1 bath apartments on 2nd and 3rd floors in excellent condition. Washer and dryer hookups in all apartments. Tenants pay all utilities. (BONUS ALERT, LAUNDROMAT ON FIRST FLOOR COMES WITH THE PROPERTY, ALL EQUIPMENT CONVEY WITH SALE). All tenants have leases. Commercial tenants have rate increases built in yearly. Absolutely no deferred maintenance, nothing to do but collect your rents and watch as they increase.

This home has been viewed 87 times

Last Checked: January 16th, 2025 at 5:19am (Source: MLS PIN #73293642)

Gross Income: $50,400

Gross Expenses: $29,860

Net Income Calc: $20,540

CAP Rate: 0.51%

Beach Front

Annual Expenses for 219-229 Lewis St, Lynn MA 01902

Total Gross Expenses (Calculated)$29,860/year

APOD AvailableYes

Heating

Electricity$360

Water

Gas

Insurance$8,500

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$21,000

Annual Income & Unit Breakdown for 219-229 Lewis St, Lynn MA 01902

Total Gross Income (Calculated)$50,400

Unit 1

Rental Income$2,100

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$2,100

LeaseY

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 219-229 Lewis St, Lynn MA 01902

Listing ID73293642

Property TypeMulti Family / 5+ Family

Price$3,995,000 ($39.95/SqFt)

Style5-9 Family

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total99,999 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking0

Garage Parking

Year Built2010

Year Built SourceOwner

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesCorner Lot

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningNA

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front

Energy Features

Terms

Disclosures for 219-229 Lewis St, Lynn MA 01902

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$29,860

Total Gross Income By Broker$301,608

Total Net Income By Broker$271,748

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 219-229 Lewis St, Lynn MA 01902

Real Estate Taxes$21,000

Tax Year2024

Assessed Value$1,704,300

Financial Data Source

Total Gross Expenses By Broker$29,860

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$301,608

BostonRealEstate.com Gross Income

Total Net Income By Broker$271,748

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)0.51%

Location Information for 219-229 Lewis St, Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, House Of Worship, Public School, Shopping, Laundromat, Public Transportation, T-station, Marina, Private School

Contact Information for 219-229 Lewis St, Lynn MA 01902

Agent

Name: Mark Krasnyansky

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 1750

Principal & Interest 24615.92

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Mark Krasnyansky

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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[perc_test_date] => Unknown
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EXIT

Canceled

219-229 Lewis St, Lynn MA 01902

$3,995,000

Annual Expenses for 219-229 Lewis St, Lynn MA 01902

Annual Income & Unit Breakdown for 219-229 Lewis St, Lynn MA 01902

General Information for 219-229 Lewis St, Lynn MA 01902

Disclosures for 219-229 Lewis St, Lynn MA 01902

Financial Information for 219-229 Lewis St, Lynn MA 01902

Location Information for 219-229 Lewis St, Lynn MA 01902

Contact Information for 219-229 Lewis St, Lynn MA 01902

Agent

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Exclusive Listing Agent

eXp Realty

Mark Krasnyansky