Sold
227 Chestnut St, Lynn, MA
Lynn · MA 01905
- $790,000
- Price
- 9
- Beds
- 3
- Baths
- 3276
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1890
Units:
3 Units
Lot size:
2,613 Sq.Ft Lot
Price per square foot:
$247 / Sq.Ft
Parking:
No Parking
About this home
Large 3 family that can generate lots of income offering you a 7.2-7.5 cap. All 3 units are 3 bed 1 bath. It has been fully rented through Lynn housing for 4 years. Each unit can get 1950-2K per month in rental income with water/sewer paid by owner. Fully rented it would generate 71K gross rental per year. Expenses are roughly 13,500 per year for water/taxes/common electric. Renovated in 2011, and has been well maintained since then. Large year yard to play. Currently unit 3 is vacant, unit 2 will be vacant on May 1, unit 1 is rented with a TAW at 1,950 per month through Lynn housing (inc: gas/heat). Excellent opportunity for owner occupied person to take unit 2 or 3 and have rental income of $4K per month. GROUP SHOWING SATURDAY 4/10 MESSAGE AGENT FOR TIME SLOT
Neighborhood & Transit
227 Chestnut St, Lynn · MA 01905
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Lynn Interim Commuter Rail 1 route 0.43 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 2036 days
- Listing Price:
- $809,900
- Price per Sq.Ft:
- $247
- Tax Assessment:
- $999,999 in 2021
- Taxes:
- $600 / Monthly
Home Facts
Interior Features
- Bedrooms
- 9
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 3,276 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 2,613 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- None
Construction Details
- Construction Type
- Unknown
- Siding
- Unknown
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Mike Tokatlyan
- Listing office
- Contempo Builders, Inc.
- MLS PIN #
- 72809072
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