16 Rantoul Avenue

Lynn, MA 01902

$450,000
Last Sold Price
6
Beds
3
Baths
2,306 Sq. Ft.
$195 / Sq. Ft.
2,306
Sq. Ft.
$195
per Sq. Ft.

Description

Contractors, investors and owner occupants take notice. This legal 2-family in Lynn Highlands is back on the market. With some sweat-equity, this could be a great opportunity for extra income to fix up and rent out. Long term rental history at below market values. Separate utilities and heating for each unit. Unit 1 is a 4bed/2bath unit (with a bonus room) and unit 2 is a Studio/1 bath unit. Ample parking in the rear and lots of land for renovation/additions and improvements! Electric work updated...Contractors, investors and owner occupants take notice. This legal 2-family in Lynn Highlands is back on the market. With some sweat-equity, this could be a great opportunity for extra income to fix up and rent out. Long term rental history at below market values. Separate utilities and heating for each unit. Unit 1 is a 4bed/2bath unit (with a bonus room) and unit 2 is a Studio/1 bath unit. Ample parking in the rear and lots of land for renovation/additions and improvements! Electric work updated in unit 1 over the last 3 years with all new heating baseboards added. Newer range and fridge in both units. The property is vacant and will be delivered vacant. Property to be sold "AS-IS" and is priced to sell. It is recommended that buyer/buyer agent independently verify all information and do their due diligence.

Listing Agent

  1. Ashlie Perry

    Ashlie Perry

    Listing Agent

    Compass

Property Details for 16 Rantoul Avenue

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3

Location

Sold By Compass, Ashlie Perry

Add your commute
LISTING UPDATED: 05/22/2023 12:42 PM

Property Details for 16 Rantoul Avenue

StatusSold
MLS #73064742
Days on Market62
Taxes$5,613 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1890
CountyEssex County

Location

Sold By Compass, Ashlie Perry

Add your commute

Virtual Tour

Building Information for 16 Rantoul Avenue

Stories4Residences2Year Built1890Building Size-Lot Size0.10 AC / 4,490 SF

Payment Calculator

$2,924 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$468

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 16 Rantoul Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Public School
  • Current Financing: Private
  • Living Area: 2306.0
  • SqFt with Basement: Yes
  • Total Units: 2
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range, Refrigerator - ENERGY STAR), Unit 2(Range, Refrigerator), Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Gas Dryer, Utility Connections Varies per Unit
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl, Carpet, Unit 1(undefined)
  • Interior Features: Unit 1(Ceiling Fans, High Speed Internet Hookup, Bathroom with Shower Stall, Programmable Thermostat), Unit 2(Bathroom with Shower Stall, Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room
  • Laundry Features: Laundry Room, Washer Hookup, Unit 2 Laundry Room
  • SpaYN: No
Exterior Features
  • Exterior Features: Unit 1 Balcony/Deck
  • Fencing: Fenced/Enclosed
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Cooling: Yes
  • Heating: Unit 1(Electric Baseboard), Unit 2(Central Heat)
  • Heating: Yes
  • Sewage District: Lynn
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Gas Dryer, Washer Hookup, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Listing agent has ownership interest in the property. Property to be sold "as-is". Buyer and buyer's agent to verify all information and perform their own due diligence.
Tax Information
  • Tax ID: M:069 B:666 L:037,2004347
  • Assessments: $451,600
  • Book: 37491
  • Tax Year: 2022
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 4
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Heat Units: 2
Income / Expenses
  • GOI: $39,000.00
  • GRE: $1,350
  • RME: $400
  • NOI: $37,650.00
  • Operating Expense: $1,350.00
  • WSE: $950.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $3,250.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 16 Rantoul Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16 Rantoul Avenue

Taxable ValueLand$168,400Additions$383,300Total$551,700
Tax Record2024$5,809 ($484 / month)
Home Facts
Baths3Total Finished SqFt2,306 SqFtAbove Grade Finished SqFt2,306 SqFtUnfinished Basement SqFt112 SqFtStories3Lot Size4,490 SqFtStyleDuplexYear Built1890Year Renovated1963ZoningR2CountyESSEXAPNLYNN M:069 B:666 L:037

Schools near 16 Rantoul Avenue

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
William R Fallon
PublicK to 5

Robert L. Ford K-8 School
Public1 to 5

Thurgood Marshall Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.