44 Essex Street Lynn, MA 01902
MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyEssex
- Taxes$9,078
- HOA/Condo/Coop Fees$0
- Days on Site19 Days
- MLS StatusActive
- MLS ID Number73222386
- Home Size Source Public Records
- Year Built1890
- Lot Size0.11 Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Parking Spaces 4
- Sewer Public Sewer
- Number of Stories 3
- Acreage 0.11
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Concrete Perimeter
- Zoning R1
- Buyer Agent Compensation 1.5
- Facilitator Compensation 1
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Garage 0
Interior Features
- Fireplaces 0
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
- Lot Level
- Lot Features Level
Community Features
- Senior Community No
- Adult Care Community No