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42 River St, Lynn, MA

Lynn · MA 01905

$1,550,000
Price
18
Beds
6
Baths
6600
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1901
Units: 6 Units
Lot size: 3,948 Sq.Ft Lot
Price per square foot: $242 / Sq.Ft
Parking: No Parking

About this home

Well managed clean 6 family fully occupied. All 6 units have de-lead compliance letters. Strong rental history with very little turnover. All 6 units are 3 bed 1 bath. All 6 units in the building are separately metered for heat, hot water, and electric and paid by the tenant. All Units have identical floor plans and lay outs. Recently renovated units with hard wood floors throughout. Easy access off of Western Ave. Great turn key opportunity for Investors. Close to everything you would need and easy to get to. Gross annual rental income of $144,000.00 per year with a NOI of over $120,000.00!.

Neighborhood & Transit

42 River St, Lynn · MA 01905

Nearby transit

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

  • River Works Commuter Rail 1 route 0.50 mi
    • Newburyport/Rockport Line

Price Insight

Days on Market:
1979 days
Listing Price:
$1,600,000
Price per Sq.Ft:
$242
Tax Assessment:
$825,600 in 2020
Taxes:
$1,058 / Monthly

Home Facts

Interior Features

Bedrooms
18
Full Bathrooms
6
Half Bathrooms
0
Living Area
6,600 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
3,948 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
Andrew Haddad
Listing office
Northeast Development & Investment, Inc.
MLS PIN #
72763317