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Canceled

15 Huss Ct, Lynn MA 01905

$5,200,000

Estimated $12,200.61/month Calculator

Multi Family

Total Units: 21

Price Per Unit: $247,619.05

Total Rent: 79200/year

Estimated CAP Rate: -1.13%

27 Bedrooms

21 Full Baths

17,484 SqFt

Total Parking: 0

10,420 SqFt

Investors take notice of this great opportunity. 15 Huss Court located in Lynn is available for immediate acquisition. This asset has been well maintained during the current ownership with many recent improvements and a strong rent roll representing a 6.5% cap rate on current rents. The subject property is an attractive red brick and consists of 21 units with a breakdown of fifteen (15) one-bedroom units and six (6) two-bedroom units and on-site laundry facilities. The total gross square footage is 23,585± with rentable square footage of 17,484± and situated on a 10,420 square foot lot. The property is ideally located close to multiple bus routes and thoroughfares into Boston.

This home has been viewed 44 times

Last Checked: October 30th, 2024 at 4:19am (Source: MLS PIN #73300419)

Gross Income: $79,200

Gross Expenses: $137,740

Net Income Calc: $58,540

CAP Rate: -1.13%

Annual Expenses for 15 Huss Ct, Lynn MA 01905

Total Gross Expenses (Calculated)$137,740/year

APOD AvailableYes

Heating

Electricity$4,123

Water$27,206

Gas$27,206

Insurance$16,800

Sewer$27,206

Trash Removal$6,000

Repair & Maintenance$10,500

Management$24,048

Miscellaneous

Real Estate Tax$45,226

Annual Income & Unit Breakdown for 15 Huss Ct, Lynn MA 01905

Total Gross Income (Calculated)$79,200

Unit 1

Rental Income$1,900

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 2

Rental Income$2,300

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 3

Rental Income$2,400

Lease

Bedrooms2

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingNo

Rent IncludesNo

Unit 4

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent IncludesNo

General Information for 15 Huss Ct, Lynn MA 01905

Listing ID73300419

Property TypeMulti Family

Price$5,200,000 ($297.41/SqFt)

Style5+ Family - 5+ Units Up/down

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total17,484 SqFt

Approximate Lot Size (Acres)0.24 acres

Total Parking0

Garage Parking

Year Built1923

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame, Stone

Lot FeaturesLevel

Foundation Area9999

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR5

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront FeaturesNo

Energy FeaturesVaries per Unit

Terms

Disclosures for 15 Huss Ct, Lynn MA 01905

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureTotal GSF 23,585SF

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$92,514

Total Gross Income By Broker$503,400

Total Net Income By Broker$338,020

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnCompensation Not Offered

Financial Information for 15 Huss Ct, Lynn MA 01905

Real Estate Taxes$45,226

Tax Year2024

Assessed Value$4,295,000

Financial Data SourceOwner

Total Gross Expenses By Broker$92,514

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$503,400

BostonRealEstate.com Gross Income

Total Net Income By Broker$338,020

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.13%

Location Information for 15 Huss Ct, Lynn MA 01905

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesConservation Area, Highway Access, Public School, Shopping, Park, Public Transportation

Contact Information for 15 Huss Ct, Lynn MA 01905

Agent

Name: Dan Pouladian

Office

Name: North Shore Realty Advisors

Phone: 617-548-7737

Team Members

Name: Michael McCarthy

Phone: 781-883-8518

Payment Calculator

, Interest

Property Taxes 3768.83

Principal & Interest 32040.75

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

North Shore Realty Advisors

Dan Pouladian

Agent Phone

Office Phone

(617) 548-7737

Text Agent Call Agent Call Office

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                    [url] => https://media.mlspin.com/photo.aspx?mls=73300419&w=1024&h=768&n=19
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                    [created] => 2024-10-30 04:19:25
                    [modified] => 2024-10-30 04:19:25
                )

)

)

EXIT

Canceled

15 Huss Ct, Lynn MA 01905

$5,200,000

Annual Expenses for 15 Huss Ct, Lynn MA 01905

Annual Income & Unit Breakdown for 15 Huss Ct, Lynn MA 01905

General Information for 15 Huss Ct, Lynn MA 01905

Disclosures for 15 Huss Ct, Lynn MA 01905

Financial Information for 15 Huss Ct, Lynn MA 01905

Location Information for 15 Huss Ct, Lynn MA 01905

Contact Information for 15 Huss Ct, Lynn MA 01905

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North Shore Realty Advisors

Dan Pouladian