Prime Multi-Unit Investment Opportunity in Lynn, MA – This well-maintained multi-family property is perfect for serious investors seeking a high-performing asset. Featuring spacious units with modern updates, hardwood floors, and abundant natural light, this property offers strong rental income potential. Updated kitchens and bathrooms, a basement with separate utilities, and a large backyard add to its appeal. Located in a high-demand rental market near public transportation, shopping, and schools, this is an excellent opportunity for investors looking to expand their portfolio.
This home has been viewed 17 times
Last Updated: March 11th, 2025 at 7:08am
Gross Income: $30,000
Gross Expenses: $11,286
Net Income Calc: $18,714
CAP Rate: 1.21%
Annual Expenses for 453-455 Summer St, Lynn MA 01905
Total Gross Expenses (Calculated)$11,286/year
APOD AvailableNo
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$11,286
Annual Income & Unit Breakdown for 453-455 Summer St, Lynn MA 01905
Total Gross Income (Calculated)$30,000
Unit 1
Rental Income0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income1200
LeaseN
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
Unit 3
Rental Income
Lease
Bedrooms1
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent Includes
Unit 4
Rental Income1300
Lease
Bedrooms1
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent Includes
General Information for 453-455 Summer St, Lynn MA 01905
Listing ID73341648
Property TypeMulti Family
Price$1,549,000 ($388.42/SqFt)
Style
CityLynn
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total3,988 SqFt
Approximate Lot Size (Acres)0.17 acres
Total Parking10
Garage Parking
Year Built1903
Year Built SourcePublic Records
Year RenovatedN/A
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction Materials
Lot FeaturesCorner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor SpaceEnclosed
ZoningR4
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Interior Features for 453-455 Summer St, Lynn MA 01905
Disclosures for 453-455 Summer St, Lynn MA 01905
Lead Paint
UFFIUnknown
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$45,600
Total Net Income By Broker$45,600
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Location Information for 453-455 Summer St, Lynn MA 01905
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesHighway Access, Public School, Shopping, Medical Facility, Laundromat, Public Transportation
Contact Information for 453-455 Summer St, Lynn MA 01905