39 Newhall (20 Units) and 8 Suffolk (3 Units) contain a total of twenty-three (23) units on one parcel of land, consisting of eight (8), 2-Bedroom/1-Bathroom units, twelve (12) 1-Bedroom/1-Bathroom units and three (3) 2-Room Studio units. Each unit is separately metered for electricity and gas-fired head, which the tenants pay directly. Hot water is the responsibility of the tenants in the 8 Suffolk units and the landlord in the 39 Newhall units. The landlord is responsible for common area electric and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
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Last Updated: March 9th, 2025 at 5:18am
Gross Income: $49,140
Gross Expenses: $35,186
Net Income Calc: $13,954
CAP Rate: 0.29%
Beach Front
Annual Expenses for 39 Newhall St, Lynn MA 01902
Total Gross Expenses (Calculated)$35,186/year
APOD AvailableYes
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$35,186
Annual Income & Unit Breakdown for 39 Newhall St, Lynn MA 01902
Total Gross Income (Calculated)$49,140
Unit 1
Rental Income1810
LeaseN
Bedrooms2
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water)
Unit 2
Rental Income2285
LeaseN
Bedrooms2
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water)
Unit 3
Rental Income
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water)
Unit 4
Rental Income
Lease
Bedrooms
Bathrooms
Floor
Levels in Unit
HeatingNo
Rent IncludesUnit 1(water), Unit 2(water)
General Information for 39 Newhall St, Lynn MA 01902
Listing ID73340893
Property TypeMulti Family
Price$4,850,000 ($302.14/SqFt)
Style
CityLynn
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total16,052 SqFt
Approximate Lot Size (Acres)0.14 acres
Total Parking0
Garage Parking
Year Built1910
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionOther
Accessible Features
Outdoor Space
ZoningR5
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront FeaturesBeach Front, 3/10 To 1/2 Mile To Beach
Energy Features
Terms
Interior Features for 39 Newhall St, Lynn MA 01902
Disclosures for 39 Newhall St, Lynn MA 01902
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$143,375
Total Gross Income By Broker$368,940
Total Net Income By Broker$225,565
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnNet Sale Price
Location Information for 39 Newhall St, Lynn MA 01902
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Laundromat, Public Transportation, T-station, Pool, Tennis Court(s), Marina, Private School, University
Contact Information for 39 Newhall St, Lynn MA 01902