NOT LISTED FOR SALE
12 Beds
5 Baths
4,642 Sq Ft
3,049 Sq Ft Lot

Last Sold February 02, 2022

Last sale price $1,052,000 $227 Per Sq Ft

9 Days on Market

Highlights

  • Golf Course Community
  • Waterfront
  • Wood Flooring
  • Medical Services
  • Property is near public transit and schools
  • 4-minute walk to Henry Avenue Park

About This Home

As of February 2022

Attention Investors!! Great Location! Large Well-Maintained 5 Unit Building In Lynn. 24 Rooms, 12 Bedrooms, 5 Bathrooms. 3 Units and Common Areas With Deleaded Certificates. 6 Separate Electric Meters. 3+ Car Parking On Paved Driveway And Additional Street Parking. Coin-Op Laundry In Basement. Steps To Shopping, Restaurants and Public. The Property Is Generating Income At A 7.67% Cap Rate. Don't Miss Out On This Great Investment Opportunity!

Last Agent to Sell the Property

Colleen Toner

Toner Real Estate, LLC Listed on: 11/14/2021

Last Buyer's Agent

Markese Daise

Stony Brook & Lennox Realty Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,596

Year Built

  • Built in 1923

Lot Details

  • 3,049 Sq Ft Lot
  • Waterfront

Home Design

  • Stone Foundation
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 4,642 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 3 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near public transit and schools

Schools

  • Lynn Public Elementary And Middle School
  • Lynn Public High School

Utilities

  • 5 Heating Zones
  • 100 Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $7,450
  • Assessor Parcel Number 2004627

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park

Building Details

  • Electric Expense $800
  • Insurance Expense $5,300
  • Water Sewer Expense $5,200
  • Operating Expense $17,746
  • Net Operating Income $71,654

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,596

Year Built

Built in 1923

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1923
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 11

Interior Features

  • Flooring: Tile,Vinyl,Hardwood
  • Fireplace YN: No
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range, Utility Connections for Gas Oven, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 12
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Laundry Room, Washer Hookup
  • Basement: Full, Unfinished
  • Living Area: 4642
  • Stories Total: 11
  • MAIN LO: AC1714
  • MAIN SO: AN7064

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Range, for Gas Oven, for Electric Oven, for Electric Dryer, Washer Hookup
  • Electric: Circuit Breakers, 100 Amp Service
  • Water Source: Public
  • HEAT UNITS: 5
  • HEAT ZONES: 5

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station

Fee Information

  • Water Sewer Expenses: 5200

Lot Info

  • Parcel Number: 2004627
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.07
  • Lot Size Sq Ft: 3049.2
  • Lot Size Units: Acres
  • LOT SIZE: 3110

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8596

Multi Family

  • Electric Expense: 800
  • Insurance Expense: 5300
  • Net Operating Income: 71654
  • Number Of Units Total: 5
  • Operating Expense: 17746
  • Total Actual Rent: 7450
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 2

MLS Schools

  • High School: Lynn Public
  • Elementary School: Lynn Public
  • Middle Or Junior School: Lynn Public
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2022 02/02/22 Sold $1,052,000 +10.7% $227 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
11/14/2021 11/14/21 For Sale $950,000 -- $205 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,005 $1,062,300 $186,200 $876,100
2024 $10,967 $1,041,500 $179,600 $861,900
2023 $8,607 $771,900 $141,500 $630,400
2022 $8,354 $672,100 $134,300 $537,800
2021 $8,386 $643,600 $113,400 $530,200
2020 $8,024 $598,800 $106,800 $492,000
2019 $6,954 $486,300 $90,200 $396,100
2018 $6,539 $431,600 $89,400 $342,200
2017 $6,140 $393,600 $78,600 $315,000
2016 $5,415 $334,700 $59,200 $275,500
2015 $4,566 $272,600 $53,500 $219,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72919907

MLS Property Information Network (MLS PIN)
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