Overview Property Details Payment Calculator Walkability

Expired

47 Hanover St., Lynn MA 01902

$798,500

Estimated $1,734.63/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $399,250

Total Rent: 60000/year

Estimated CAP Rate: 6.85%

6 Bedrooms

3 Full Baths

2,347 SqFt

Total Parking: 5

2,632 SqFt

TAKE SOME TIME OUT AND COME VIEW THIS ONE. IT NEEDS SOME WORK INTERIOR AND EXTERIOR BUT COULD SHINE LIKE A DIAMOND!! GREAT INCOME POTENTIAL HERE!!!

This home has been viewed 30 times

Last Checked: May 6th, 2024 at 11:50pm (Source: MLS PIN #72936164)

Gross Income: $60,000

Gross Expenses: $5,278

Net Income Calc: $54,722

CAP Rate: 6.85%

Annual Expenses for 47 Hanover St., Lynn MA 01902

Total Gross Expenses (Calculated)$5,278/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,278.45

Annual Income & Unit Breakdown for 47 Hanover St., Lynn MA 01902

Total Gross Income (Calculated)$60,000

Unit 1

Rental Income$2,000

LeaseY

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$3,000

LeaseY

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingNo

Rent Includes

General Information for 47 Hanover St., Lynn MA 01902

Listing ID72936164

Property TypeMulti Family / 2 Family

Price$798,500 ($340.22/SqFt)

Style2 Family - 2 Units Up/down

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,347 SqFt

Approximate Lot Size (Acres)0.06 acres

Total Parking5

Garage Parking

Year Built1880

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsStone

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

ZoningR5

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 47 Hanover St., Lynn MA 01902

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$60,000

Total Net Income By Broker$60,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1.5%%

Facilitator Compensation1%%

Sub-Agent Compensation1%

Compensation Based OnNet Sale Price

Financial Information for 47 Hanover St., Lynn MA 01902

Real Estate Taxes$5,278.45

Tax Year2021

Assessed Value$405,100

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$60,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$60,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.85%

Location Information for 47 Hanover St., Lynn MA 01902

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 47 Hanover St., Lynn MA 01902

Agent

Name: Willard Rodney Lawson

MLS ID: CT004089

Office ID: AC0342

Address: 547 Vernon St

City: Bridgewater

State: MA

Zip: 02324

Office

Name: Andrade Associates Real Estate - S Boston

MLS Office ID: AN2974

Phone: 781-308-5179

Payment Calculator

$5,359.97 per month

30 Years Fixed, 6.75% Interest

Property Taxes $439.87

Principal & Interest $4,920.10

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Andrade Associates Real Estate - S Boston

Willard Rodney Lawson

Agent Phone

Office Phone

(781) 308-5179

Text Agent Call Agent Call Office

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EXIT