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38-40 Herschel Street, Lynn, MA

Lynn · MA 01902

$820,000
Price
5
Beds
3
Baths
2638
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1910
Units: 3 Units
Lot size: 0 Sq.Ft Lot
Price per square foot: $301 / Sq.Ft
Parking: 2 Garage Spaces · 4 Off Street Spaces

About this home

Open House Sunday 11-12:30! Terrific Lynn investment opportunity with this legal 3 family home, impeccably maintained, and in a fantastic location with close proximity to the Swampscott train station/Swampcott beaches! The property is two levels, unit one has been owner occupied for 17 years! This unit is on the first floor with 1319 SF,a private entrance, three bedrooms, full bathroom, high ceilings, gleaming hardwood floors, renovated kitchen, and in-unit laundry. Second floor is spilt into two units, each with one bedroom and full bathroom, well maintained with TAW tenants. Unfinished basement offers separated storage, heating is 22 years old, electric has been fully updated and separate service to each unit individually. Plenty of parking and 2 car garage which has approved plans (3K value) to convert into a new 2 1/2 bay garage Newer windows, roof replaced in 2020, and current rents below fair market value projected as:1st floor $2325/mo, second floors $1625/mo each.

Neighborhood & Transit

38-40 Herschel Street, Lynn · MA 01902

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

  • Swampscott Commuter Rail 1 route 0.50 mi
    • Newburyport/Rockport Line

Price Insight

Days on Market:
1468 days
Listing Price:
$795,000
Price per Sq.Ft:
$301
Tax Assessment:
$634,300 in 2022
Taxes:
$657 / Monthly

Home Facts

Interior Features

Bedrooms
5
Full Bathrooms
3
Half Bathrooms
0
Living Area
2,638 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
Circuit Breakers, 200 Amps, Individually Metered

Exterior Features

Lot Size
0 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
2 Parking Spaces
Off Street Parking
4 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Elizabeth Walters
Listing office
Coldwell Banker Realty - Marblehead
MLS PIN #
73007279