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    42 River St

    Lynn, MA 01905
    • $1,600,000
    • STATUS: Active
    • MLS #: 72763317
    $1,600,000
    • 18
      BEDS
    • 0.09
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    • 6,600
      SQFT
    • $242
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1901
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Andrew Haddad of Northeast Development & Investment, Inc..

    Description

    Well managed clean 6 family fully occupied. All 6 units have de-lead compliance letters. Strong rental history with very little turnover. All 6 units are 3 bed 1 bath. All 6 units in the building are separately metered for heat, hot water, and electric and paid by the tenant. All Units have identical floor plans and lay outs. Recently renovated units with hard wood floors throughout. Easy access off of Western Ave. Great turn key opportunity for Investors. Close to everything you would need and easy to get to. Gross annual rental income of $144,000.00 per year with a NOI of over $120,000.00!.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-03-01T00:06:26.923.
    www.teamrosoremax.com/homes/112350618
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    42 River St Lynn, MA 01905

    • Price: $1,600,000
    • Status: Active
    • MLS #: 72763317
    18
    Beds
    6
    Baths
    0
    ½ Baths
    0.09
    Acres
    6,600
    SQFT
    $242
    $/SQFT
    1901
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    Property Description
    Well managed clean 6 family fully occupied. All 6 units have de-lead compliance letters. Strong rental history with very little turnover. All 6 units are 3 bed 1 bath. All 6 units in the building are separately metered for heat, hot water, and electric and paid by the tenant. All Units have identical floor plans and lay outs. Recently renovated units with hard wood floors throughout. Easy access off of Western Ave. Great turn key opportunity for Investors. Close to everything you would need and easy to get to. Gross annual rental income of $144,000.00 per year with a NOI of over $120,000.00!.
    Exterior Features

    Beachfront No Foundation Fieldstone Lot Description Paved Drive Parking Spaces 0 Waterfront Flag No Waterview Flag No

    Interior Features

    Basement Yes Bedrooms Unit1 3 Bedrooms Unit2 3 Bedrooms Unit3 3 Bedrooms Unit4 3 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Floors Unit1 1 Floors Unit2 1 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 30 Rooms Unit1 6 Rooms Unit2 6 Rooms Unit3 6 Rooms Unit4 6

    Property Features

    Apod Available Yes Assessments 825600.00 Disclosure No Disclosures All 6 Units Have Delead Compliance Letters. Gross Operating Income 120000 Lead Paint Unknown Lease Unit1 Y Lease Unit2 Y Lease Unit3 Y Lease Unit4 Y Lender Owned No Multifamily Type 5-9 Family Net Operating Income 120000 Rent Unit1 2000 Rent Unit2 2000 Rent Unit3 2000 Rent Unit4 2000 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Owner Tax Year 2020 Taxes 12700.00 Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning R4

    Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Andrew Haddad of Northeast Development & Investment, Inc..


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-03-01T00:06:26.923.
     
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    Re/Max Vantage
    77 State Road
    Dartmouth MA, 02747
    Listing courtesy of Andrew Haddad of Northeast Development & Investment, Inc..