44 Essex Street Lynn, MA ^$ 1,700,000

44 Essex Street

^$ 1,700,000

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44 Essex Street

Lynn, MA, 01902

^$ 1,700,000

Bedrooms9 Baths4.0 Sq 4,131

Monthly Estimate*

^$ 11,299

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Multi-Family Home for sale in Lynn, MA

for $1,700,000 with 9 bedrooms and 4 full baths. This 4,131 square foot home was built in 1890 on a lot size of 0.11.

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.

Multi-Family Active

Price

^$ 1,700,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 9,078

Style

4 Family - 4 Units Up/Down

Lot Size

0.11

Year Built

1890

Town/City

Lynn

County/Region

Essex

MLS | Web ID

73222386

List By

Raymond R. Clements

Listing Agent

Investment Property Advisors

Broker

Affordability Calculator

$12,055

Per Month

Monthly Principal & Interest: $11,299
Monthly Property Taxes: $757
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Trends

Multi-family listings in Lynn, MA

Average List Price ^$1,068,300

Percent of Sale Price 37%

About Lynn, MA

92,878 Population

4% Since 2002

^$52,444 Median Income

37.53 Median Age

32% Households with Children

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Trends Information provided by ATTOM Data Solutions.

Neighborhood & Schools

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Pricing History

Date	Price	Price Change	Description
4/10/2024	$1,700,000		Listed Price

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44 Essex Street, Lynn, MA, 01902 is a Multi-Family Home for sale at $1,700,000 with 4,131 sqft and a lot size of 0.11. 44 Essex Street has 9 bedrooms, 4.0 baths, and was built in 1890. The property's zip code is 01902 which is in Lynn, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 6/4/2024.

The real estate information and related content displayed on this site is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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44 Essex Street

Multi-Family Home for sale in Lynn, MA

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