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642-648 Eastern Ave

Lynn, MA 01902
  • $1,200,000
  • STATUS: Contingent
  • MLS #: 73216485
Under Contract
$1,200,000
  • 9
    BEDS
  • 0.24
    ACRES
  • 4
    BATHS
  • 2
    1/2 BATHS
  • 4,549
    SQFT
  • $264
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing courtesy of Daniel Finn of James A. Finn & Sons.

Description

Unique investment opportunity! This offering consists of three detached income producing structures situated on two separately assessed lots near the Salem/Lynn line. The first lot includes a triple-decker apartment building with 3 units and a freestanding operational pub. The second lot features a single family home with a large rear yard. The multi family has been modernized over time and could benefit from some cosmetic updates. The single family needs a full renovation and will not qualify for conventional financing. These properties could easily become serious income producers for the savvy investor. Sold as package only.

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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 2024-04-04T00:06:27.963.
www.teamrosoremax.com/homes/148911122
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642-648 Eastern Ave Lynn, MA 01902

  • Price: $1,200,000
  • Status: Contingent
  • On Site: Days
  • MLS #: 73216485
9
Beds
4
Baths
2
½ Baths
0.24
Acres
4,549
SQFT
$264
$/SQFT
1900
Built
County:
Essex
Property Description
Unique investment opportunity! This offering consists of three detached income producing structures situated on two separately assessed lots near the Salem/Lynn line. The first lot includes a triple-decker apartment building with 3 units and a freestanding operational pub. The second lot features a single family home with a large rear yard. The multi family has been modernized over time and could benefit from some cosmetic updates. The single family needs a full renovation and will not qualify for conventional financing. These properties could easily become serious income producers for the savvy investor. Sold as package only.
Exterior Features

Color white/grey Construction Materials Frame Covered Spaces 0 Frontage Length 110.00 Garage YN No Lot Features Corner Lot Open Parking YN Yes Parking Features Shared DrivewayOff Street Parking Total 8 Road Frontage Type Public Roof ShingleTar/Gravel Spa YN No Waterfront YN No

Interior Features

Appliances Range Basement FullInterior Entry Building Area Total 4549 Cooling Units 1 Fireplace YN No Fireplaces Total 0 Flooring WoodVinylCarpetVaries Foundation Details Other Heat Units 5 Heat Zones 5 Heating Forced AirNatural Gas Heating YN Yes Interior Features Living RoomDining RoomKitchen Lead Paint Unknown Rooms Total 21

Property Features

Buyer Agency Compensation 2 Community Features Public TransportationShoppingPark Disclosures Buyer to investigate all three structures and is responsible to verify all data provided. The seller makes no representations. Sold as a package only. Single family address is 52 Western Ave. Electric 100 Amp Service Gross Income 75600 Home Warranty YN No Listing Terms Estate Sale Net Operating Income 75600 Property Sub Type 3 Family Rent Includes Unit 1(Water) Senior Community YN No Sewer Public Sewer Tax Annual Amount 10832.57 Tax Year 2024 Total Actual Rent 6300 Transaction Broker Compensation 1 Utilities for Gas Range Water Source Public Year Built Details Approximate Zoning R1

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Daniel Finn of James A. Finn & Sons: 978-922-0379.


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 2024-04-04T00:06:27.963.
 
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77 State Road
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Listing courtesy of Daniel Finn of James A. Finn & Sons.