Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

44 Essex Street

Lynn, MA ID #73222386

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44 Essex Street

- Lynn, MA ID #73222386

Property Description

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 4 Family - 4 Units Up/Down
  • Zip Code: 01902
  • Taxes: 9,078
  • Living Levels: 3
  • Acres: 0.11
  • Selling Broker Compensation: 1
  • Buying Broker Compensation: 1.5

Parking

  • Parking Spaces: 4

Rooms/Dimensions

  • Total Units: 4
  • Total Floors: 3
  • Total Rooms: 18

Location

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44 Essex Street, Lynn, MA

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Content © 2024 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Raymond R. Clements of Investment Property Advisors. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.