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99 South St

Lynn, MA 01905
  • $1,499,000
  • STATUS: Active
  • MLS #: 73210548
$1,499,000
  • 18
    BEDS
  • 0.13
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 6,630
    SQFT
  • $226
    $/SQFT
Type:
Multi-Family
Built:
1883
County:

School Ratings & Info

Listing courtesy of Alexander Colarusso of Colarusso Realty.

Description

Price Improvement!!! Welcome to 99 South Street Lynn!!! Rarely available large 6 unit building for sale with so much room for rental revenue growth. Each unit has 5 Rooms and 3 Bedrooms and 1 Bath with separate gas and electric meters. Electrical panels are located in each unit. Rents are below market value with plenty of room for growth. Please see property information attached to the listing and schedule your showing today. Letters of Lead Compliance for each unit attached to Lead Paid Transfer Document, total of 6. All potential buyers must provide proof of funds or approved financing. Motivated seller in order to complete a 1031 Exchange.

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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/148438230
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99 South St Lynn, MA 01905

  • Price: $1,499,000
  • Status: Active
  • On Site: Days
  • MLS #: 73210548
18
Beds
6
Baths
0
½ Baths
0.13
Acres
6,630
SQFT
$226
$/SQFT
1883
Built
County:
Essex
Property Description
Price Improvement!!! Welcome to 99 South Street Lynn!!! Rarely available large 6 unit building for sale with so much room for rental revenue growth. Each unit has 5 Rooms and 3 Bedrooms and 1 Bath with separate gas and electric meters. Electrical panels are located in each unit. Rents are below market value with plenty of room for growth. Please see property information attached to the listing and schedule your showing today. Letters of Lead Compliance for each unit attached to Lead Paid Transfer Document, total of 6. All potential buyers must provide proof of funds or approved financing. Motivated seller in order to complete a 1031 Exchange.
Exterior Features

Covered Spaces 0 Garage YN No Lot Features Easements Open Parking YN Yes Parking Features Paved Drive Parking Total 7 Spa YN No Waterfront YN No

Interior Features

Basement Full Building Area Total 6630 Cooling Units 0 Cooling Zones 0 Fireplace YN No Fireplaces Total 0 Foundation Details Brick/Mortar Heat Units 6 Heat Zones 6 Lead Paint Unknown Rooms Total 30

Property Features

Buyer Agency Compensation 2 Disclosures Easement/Right of Way. Sale of property is subject to seller's 1031 exchange. Listing agent and brokerage make no representations and/or warranties. Buyers and their agents are always encouraged to verify any and all information independently. Being Sold AS IS Condition. Exclusions Tenant Belongings Gross Income 114000 Home Warranty YN No Net Operating Income 85325 Operating Expense 28675 Property Sub Type 5-9 Family Senior Community YN No Sewer Public Sewer Tax Annual Amount 15961 Tax Year 2024 Total Actual Rent 9500 Transaction Broker Compensation 1 Utilities for Gas Range Water Source Public Year Built Details Approximate Zoning R4

Listing information © 2024 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Alexander Colarusso of Colarusso Realty: 617-960-7731.


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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Re/Max Vantage
77 State Road
Dartmouth MA, 02747
Listing courtesy of Alexander Colarusso of Colarusso Realty.