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 22 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