25 Forest Hill Avenue

Lynn, MA 01904

$1,049,000
Price
7
Beds
7
Baths
4,848 Sq. Ft.
$216 / Sq. Ft.
4,848
Sq. Ft.
$216
per Sq. Ft.

Description

Located in the Pine Hill neighborhood, this 6+ unit investment property offers a lucrative opportunity for seasoned investors or those entering the real estate market. The property consists of five 1-bedroom apartments and two studios. Recent upgrades include a brand-new roof installed in May 2024 and the installation of carbon monoxide and smoke detectors in all apartments and stairways in 2021, along with the replacement of water tanks between 2021 and 2023.Located in the Pine Hill neighborhood, this 6+ unit investment property offers a lucrative opportunity for seasoned investors or those entering the real estate market. The property consists of five 1-bedroom apartments and two studios. Recent upgrades include a brand-new roof installed in May 2024 and the installation of carbon monoxide and smoke detectors in all apartments and stairways in 2021, along with the replacement of water tanks between 2021 and 2023.
  1. Listed by Waypoint Realty Group • Coldwell Banker Realty - Boston
  2. Listed by Joe Flanagan • Coldwell Banker Realty - Boston

Property Details for 25 Forest Hill Avenue

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
5.00
Parking Spaces Total
5

Location

Listing Courtesy of Coldwell Banker Realty - Boston, Waypoint Realty Group; Coldwell Banker Realty - Boston, Joe Flanagan
Add your commute
LISTING UPDATED: 06/10/2024 12:32 PM

Property Details for 25 Forest Hill Avenue

StatusUnder Agreement
MLS #73241073
Days on Market20
Taxes$11,525 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1910
CountyEssex County

Location

Listing Courtesy of Coldwell Banker Realty - Boston, Waypoint Realty Group; Coldwell Banker Realty - Boston, Joe Flanagan
Add your commute

Building Information for 25 Forest Hill Avenue

Stories9Residences7Year Built1910Building Size-Lot Size0.17 AC / 7,268 SF

Payment Calculator

$6,685 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,725

Property Taxes

$960

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 25 Forest Hill Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 4848.0
  • SqFt with Basement: No
  • Total Units: 7
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Partially Finished
  • Num of Baths: 7.0
  • Num of Full Baths: 7
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 7.00
  • Bathrooms Total Integer: 7
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Exterior Features: Balcony
  • Exterior Features: Balcony
  • Lot Description: Corner Lot
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean
  • Waterview Features: Ocean
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Seller makes no warranties or representations. Expenses shared upon request.
Tax Information
  • Tax ID: 1991346
  • Assessments: $1,094,000
  • Book: 0
  • Lot: 7,268
  • Tax Year: 2024
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $52,200.00
  • NOI: $52,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,500.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.25
  • Other Agent Compensation: 0

Property History for 25 Forest Hill 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 25 Forest Hill Avenue

Taxable ValueLand$201,700Additions$892,800Total$1,094,500
Tax Record2024$11,525 ($960 / month)
Home Facts
Baths7Total Finished SqFt4,848 SqFtAbove Grade Finished SqFt4,848 SqFtUnfinished Basement SqFt830 SqFtStories3Lot Size7,268 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningR2CountyESSEXAPNLYNN M:055 B:203 L:001

Schools near 25 Forest Hill Avenue

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

Sewell-Anderson Elementary School
PublicK to 5

Breed 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.

Listing Courtesy of Coldwell Banker Realty - Boston, Waypoint Realty Group; Coldwell Banker Realty - Boston, Joe Flanagan

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.