28-34 Laighton Street

Lynn, MA 01902

$1,490,000
Last Sold Price
12
Beds
6
Baths
4,998 Sq. Ft.
$298 / Sq. Ft.
4,998
Sq. Ft.
$298
per Sq. Ft.

Description

Investors take notice of this steady cash flow property that is well maintained! NOI is 97K with room to grow in proforma. This nice sized 6 Units consist of 24 Rooms 12 Bedrooms 6 Bathrooms. Upgraded kitchen, bathrooms, and hardwood floors throughout. Low owner expenses as all utilities are separately metered. Ample off-street parking makes tenants very happy during snow emergencies. Basement level coin-op laundry. Updated heating and water systems. Conveniently located to public transportation...Investors take notice of this steady cash flow property that is well maintained! NOI is 97K with room to grow in proforma. This nice sized 6 Units consist of 24 Rooms 12 Bedrooms 6 Bathrooms. Upgraded kitchen, bathrooms, and hardwood floors throughout. Low owner expenses as all utilities are separately metered. Ample off-street parking makes tenants very happy during snow emergencies. Basement level coin-op laundry. Updated heating and water systems. Conveniently located to public transportation and downtown Lynn. Clean basement. Property stays maintained and clean with a property manager on site who is extremely trustworthy and productive with taking care of odds and ends that need done.
  1. Listed by John Wellington • RE/MAX 360
  2. Listed by Jacob VanMeter • RE/MAX 360

Property Details for 28-34 Laighton Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of RE/MAX 360, John Wellington; RE/MAX 360, Jacob VanMeter

Sold By Fairview Partners International LLC, Zhiqiang Zhang

Add your commute
LISTING UPDATED: 09/06/2022 10:53 AM

Property Details for 28-34 Laighton Street

StatusSold
MLS #73003554
Days on Market16
Taxes$11,140 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1890
CountyEssex County

Location

Listing Courtesy of RE/MAX 360, John Wellington; RE/MAX 360, Jacob VanMeter

Sold By Fairview Partners International LLC, Zhiqiang Zhang

Add your commute

Building Information for 28-34 Laighton Street

Stories9Residences6Year Built1890Building Size-Lot Size0.09 AC / 4,063 SF

Payment Calculator

$9,060 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,132

Property Taxes

$928

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 28-34 Laighton Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Laundromat
  • Current Financing: Conv. Fixed
  • Living Area: 4998.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Gas Water Heater, Utility Connections for Electric Range
  • Basement Features: Full, Dirt Floor
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • Interior Features: Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen, Unit 3 Rooms(Kitchen, Unit 4 Rooms(Kitchen
  • Laundry Features: Laundry Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Deck - Wood, Covered Patio/Deck
  • Lot Description: Corner Lot
  • Patio And Porch Features: Deck - Wood, Covered
  • Roof Material: Tar/Gravel
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, On Street Permit
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, On Street Permit
  • Parking Features: Off-Street, On Street Permit
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Lead Certs On Two Of The Units. Buyers And Buyer's Agents To Do Own Due Diligence. Leases Available. Updated Listing 7/11/22 Roof Is Tar & Gravel.
Tax Information
  • Tax ID: 2003931
  • Assessments: $896,200
  • Book: 39209
  • Tax Year: 2022
  • Zoning: R4
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $1,080.00
  • Annual Expenses Source: Owner
  • GOI: $126,300.00
  • Gross Scheduled Income: $420.00
  • Insurance: $5,040.00
  • GRE: $28,680
  • HTE: $0
  • MGF: $4,800
  • RFS: $540
  • NOI: $97,620.00
  • Operating Expense: $28,680.00
  • WSE: $6,000.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,125.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 28-34 Laighton Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 28-34 Laighton Street

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

Cobbet Elementary School
PublicK to 5

Pickering 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.

Similar Homes

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Similar Sold Homes

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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.

Listing Courtesy of RE/MAX 360, John Wellington; RE/MAX 360, Jacob VanMeter

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.