Overview Property Details Payment Calculator Walkability

Expired

61-63 Locust St, Lynn MA 01904

$719,900

Estimated $1,850.64/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $359,950

Total Rent: 22200/year

Estimated CAP Rate: 1.94%

4 Bedrooms

2 Full Baths

2,254 SqFt

Total Parking: 5 (2 Garage)

5,591 SqFt

Price reduced for a quick sale!!Truly a great opportunity to own a two family home in a desired Lynn neighborhood as owner occupied or as an investment property. Conveniently located to shopping, local amenities, and major highways. Featuring hardwood floors, plenty of light...

This home has been viewed 24 times

Last Checked: May 6th, 2024 at 11:50pm (Source: MLS PIN #73051678)

Gross Income: $22,200

Gross Expenses: $8,200

Net Income Calc: $14,000

CAP Rate: 1.94%

Beach Front

Annual Expenses for 61-63 Locust St, Lynn MA 01904

Total Gross Expenses (Calculated)$8,200/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,200

Annual Income & Unit Breakdown for 61-63 Locust St, Lynn MA 01904

Total Gross Income (Calculated)$22,200

Unit 1

Rental Income$0

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(none)

Unit 2

Rental Income$1,850

LeaseN

Bedrooms2

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 2(none)

General Information for 61-63 Locust St, Lynn MA 01904

Listing ID73051678

Property TypeMulti Family / 2 Family

Price$719,900 ($319.39/SqFt)

Style2 Family - 2 Units Up/down

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,254 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking5 (2 Garage)

Garage Parking2 / Detached

Year Built1910

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionIrregular

Accessible Features

Outdoor Space

ZoningR2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesOcean, Beach Front, Beach Ownership(public), 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 61-63 Locust St, Lynn MA 01904

Lead Paint

UFFI

Living Area Includes BasementNo

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$22,200

Total Net Income By Broker$22,200

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2%%

Facilitator Compensation1%%

Sub-Agent Compensation

Compensation Based OnGross/full Sale Price

Financial Information for 61-63 Locust St, Lynn MA 01904

Real Estate Taxes$8,200

Tax Year2022

Assessed Value$741,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$22,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$22,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)1.94%

Location Information for 61-63 Locust St, Lynn MA 01904

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Public Transportation, Sidewalks

Contact Information for 61-63 Locust St, Lynn MA 01904

Agent

Name: Rigela Bejgo

MLS ID: CN220107

Office ID: AN7437

Address: 10 Zito Drive

City: Saugus

State: MA

Zip: 01906

Office

Name: HZS Properties Inc.

MLS Office ID: AN7437

Phone: 617-840-3364

Team Members

Name: Hilda Sanchez

MLS ID: CN223770

Office ID: AN7437

National Association ID: 449595949

Phone: 617-840-3364

City: Middleton

State: MA

Payment Calculator

$5,119.12 per month

30 Years Fixed, 6.75% Interest

Property Taxes $683.33

Principal & Interest $4,435.79

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

HZS Properties Inc.

Rigela Bejgo

Agent Phone

Office Phone

(617) 840-3364

Text Agent Call Agent Call Office

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[id] => 327153
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[owner_occupancy_source] => 
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[pasture_area] => None
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[perc_test] => Array
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[perc_test_date] => Unknown
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[road_frontage_type] => Array
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[terms] => Array
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[uffi] => Array
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[water] => Array
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[water_views_features] => Array
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EXIT