NOT LISTED FOR SALE

28-34 Laighton St Lynn, MA 01902

Agganis AC Neighborhood
12 Beds
6 Baths
4,998 Sq Ft
4,063 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $1,490,000 $298 Per Sq Ft

12 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Covered Patio or Porch
  • Property is near public transit
  • Corner Lot
  • 4-minute walk to Henry Avenue Park

About This Home

As of August 2022

Investors take notice of this steady cash flow property that is well maintained! NOI is 97K with room to grow in proforma. This nice sized 6 Units consist of 24 Rooms 12 Bedrooms 6 Bathrooms. Upgraded kitchen, bathrooms, and hardwood floors throughout. Low owner expenses as all utilities are separately metered. Ample off-street parking makes tenants very happy during snow emergencies. Basement level coin-op laundry. Updated heating and water systems. Conveniently located to public transportation and downtown Lynn. Clean basement. Property stays maintained and clean with a property manager on site who is extremely trustworthy and productive with taking care of odds and ends that need done.

Last Agent to Sell the Property

John Wellington

RE/MAX 360 Listed on: 06/24/2022

RE/MAX 360

Co-Listed By

Jake VanMeter

The Drumlin Group Inc.

Last Buyer's Agent

John Zhang

Fairview Partners International LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,140

Year Built

  • Built in 1890

Lot Details

  • 4,063 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 4,998 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Parking

  • 6 Car Parking Spaces
  • Driveway
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Additional Features

  • Property is near public transit
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $7,125
  • Assessor Parcel Number 2003931

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Coin Laundry

Building Details

  • Electric Expense $1,080
  • Insurance Expense $5,040
  • Water Sewer Expense $6,000
  • Operating Expense $28,680
  • Net Operating Income $97,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,140

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1890
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 9

Interior Features

  • Flooring: Wood
  • Interior Amenities: Unit 1 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 4 Rooms(Kitchen,Living RM/Dining RM Combo)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Gas Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 12
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Laundry Features: Laundry Room
  • Basement: Full, Dirt Floor
  • Living Area: 4998
  • Stories Total: 9
  • MAIN LO: AN4305
  • LIST PRICE PER Sq Ft: 310.12
  • PRICE PER Sq Ft: 298.12
  • MAIN SO: AN5096

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Deck - Wood, Covered
  • Road Frontage Type: Public
  • Roof: Tar/Gravel
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, On Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Laundromat

Fee Information

  • Water Sewer Expenses: 6000

Lot Info

  • Parcel Number: 2003931
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 4063
  • Lot Size Units: Acres
  • PAGE: 524
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11139.7
  • Tax Book Number: 39209

Multi Family

  • Electric Expense: 1080
  • Gross Income: 126300
  • Insurance Expense: 5040
  • Net Operating Income: 97620
  • Number Of Units Total: 6
  • Operating Expense: 28680
  • Total Actual Rent: 7125
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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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 Change Sq Ft Price
08/31/2022 08/31/22 Sold $1,490,000 -3.9% $298 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $1,550,000 -- $310 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    John Wellington

    RE/MAX

    Section Image
  • Jake VanMeter

    Seller Co-Listing Agent in 2022

    Jake VanMeter

    The Drumlin Group Inc.

    (781) 854-1037

    2 in this area

    31 Total Sales

    Jake VanMeter
    Section Image
  • John Zhang

    Buyer's Agent in 2022

    John Zhang

    Fairview Partners International LLC

    (978) 396-9168

    1 in this area

    23 Total Sales

    John Zhang
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73003554

MLS Property Information Network (MLS PIN)

APN: LYNN M:070 B:653 L:014

Massachusetts Essex County Lynn 01902 Agganis AC

28-34 Laighton St, Lynn, MA

This home is located at 28-34 Laighton St, Lynn, MA 01902 since 24 June 2022. This property was built in 1890. 28-34 Laighton St is a home located in Essex County with nearby schools including Cobbet Elementary School, William R. Fallon School, and Fecteau-Leary Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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