Investment opportunity. Rare 6 unit building on the market! 12 bedrooms, 6 baths along w/assigned parking for 5 of the units. Solid building that features open floor plans, ceilings fans, double pane windows, exterior storm doors, electric heat all separately metered, 3 pha...
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Last Checked: May 24th, 2025 at 7:08am (Source: MLS PIN #73343624)
Gross Income: $83,400
Gross Expenses: $33,871
Net Income Calc: $49,529
CAP Rate: 2.68%
Beach Front
Beach Access
Annual Expenses for 13-15 Amity St, Lynn MA 01902
Total Gross Expenses (Calculated)$33,871/year
APOD AvailableYes
Heating
Electricity$398
Water$4,606
Gas$4,606
Insurance$10,488
Sewer$4,606
Trash Removal
Repair & Maintenance
Management$2,800
Miscellaneous
Real Estate Tax$15,579
Annual Income & Unit Breakdown for 13-15 Amity St, Lynn MA 01902
Total Gross Income (Calculated)$83,400
Unit 1
Rental Income$1,750
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 2
Rental Income$1,700
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 3
Rental Income$1,800
Lease
Bedrooms2
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 4
Rental Income$1,700
Lease
Bedrooms2
Bathrooms1 Full
Floor
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
General Information for 13-15 Amity St, Lynn MA 01902
Listing ID73343624
Property TypeMulti Family / 5+ Family
Price$1,850,000 ($315.7/SqFt)
Style5-9 Family
CityLynn
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total5,860 SqFt
Approximate Lot Size (Acres)0.12 acres
Total Parking5
Garage Parking
Year Built1910
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame, Stone
Lot FeaturesLevel
Foundation Area0
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor Space
ZoningR5
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront FeaturesOcean, Walk To, Beach Front, Beach Ownership(public), 3/10 To 1/2 Mile To Beach, Beach Access
Energy Features
Terms
Disclosures for 13-15 Amity St, Lynn MA 01902
Lead Paint
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data SourceOwner
Total Gross Expenses By Broker$35,208
Total Gross Income By Broker$127,800
Total Net Income By Broker$127,800
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 13-15 Amity St, Lynn MA 01902
Real Estate Taxes$15,579
Tax Year2025
Assessed Value$1,503,800
Financial Data SourceOwner
Total Gross Expenses By Broker$35,208
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$127,800
BostonRealEstate.com Gross Income
Total Net Income By Broker$127,800
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)2.68%
Location Information for 13-15 Amity St, Lynn MA 01902
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, House Of Worship, Public School, Shopping, Park, Laundromat, Public Transportation, T-station, Marina, Sidewalks
Contact Information for 13-15 Amity St, Lynn MA 01902