31 Broad Street

Lynn, MA 01902

$550,000
Last Sold Price
12
Beds
12
Baths
4,431 Sq. Ft.
$124 / Sq. Ft.
4,431
Sq. Ft.
$124
per Sq. Ft.

Description

12 Unit Apartment Building With Over 6,400 GLA Located Blocks From Beach, College, Transportation and Shopping. Fabulous Location! Fully Rented, Well Maintained, Clean Building With Attractive Interior Detail, Hardwood Floors, and Fireplaces. Each Unit has a Kitchenette and Bathroom. New Vinyl Windows and Gas Heating System 2013. Electric and Gas Stoves are separately Metered and paid by the tenant. Expense Sheet Available Upon Request. A Solid Investment. See Attached Brochure.12 Unit Apartment Building With Over 6,400 GLA Located Blocks From Beach, College, Transportation and Shopping. Fabulous Location! Fully Rented, Well Maintained, Clean Building With Attractive Interior Detail, Hardwood Floors, and Fireplaces. Each Unit has a Kitchenette and Bathroom. New Vinyl Windows and Gas Heating System 2013. Electric and Gas Stoves are separately Metered and paid by the tenant. Expense Sheet Available Upon Request. A Solid Investment. See Attached Brochure.
  1. Listed by Colleen Toner • Toner Real Estate, LLC

Property Details for 31 Broad Street

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

Location

Listing Courtesy of Toner Real Estate, LLC, Colleen Toner

Sold By Toner Real Estate, LLC, Colleen Toner

Add your commute
LISTING UPDATED: 08/06/2022 06:06 AM

Property Details for 31 Broad Street

StatusSold
MLS #71761560
Days on Market167
Taxes$9,432 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1880
CountyEssex County

Location

Listing Courtesy of Toner Real Estate, LLC, Colleen Toner

Sold By Toner Real Estate, LLC, Colleen Toner

Add your commute

Building Information for 31 Broad Street

Stories7Residences12Year Built1880Building Size-Lot Size0.12 AC / 5,011 SF

Payment Calculator

$3,788 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$786

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 31 Broad Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 4431.0
  • Color: Creme
  • Total Units: 12
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • Grade School: Harrington
  • High School: English
  • Middle School: Marshall
Features
Interior Features
  • Appliances: Electric Water Heater, Utility Connections for Gas Range
  • Basement Features: Full
  • Num of Baths: 12.0
  • Num of Full Baths: 12
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 12.00
  • Bathrooms Total Integer: 12
  • FireplaceYN: Yes
  • Fireplaces: 2
  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Features: Living Room, Kitchen, Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Professional Landscaping
  • Exterior Features: Fenced Yard, Professional Landscaping, Porch
  • Fencing: Fenced
  • Lot Description: Corner Lot, Cleared, Level
  • Patio And Porch Features: Porch
  • Roof Material: Slate
  • View: City View(s)
  • View: Yes
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
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
  • Sewage District: Lynn
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: 2002841
  • Assessments: $550,600
  • Block: 600
  • Book: 23338
  • Lot: 029
  • Map: 082
  • Tax Year: 2014
  • Zoning: R4
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
  • Foundation Area: 1200.0
Income / Expenses
  • Electricity: $946.00
  • Annual Expenses Source: Owner
  • GOI: $96,900.00
  • Gross Scheduled Income: $4,562.00
  • Insurance: $6,215.00
  • GRE: $35,229
  • RME: $6,511
  • NOI: $56,826.00
  • Operating Expense: $35,229.00
  • WSE: $2,922.00
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
  • Levels U3: 1
Unit 4 Description
  • Levels U4: 2
Rental Info
Rental Info
  • Total Actual Rent: $7,775.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 31 Broad Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 31 Broad Street

Taxable ValueLand$624,000Additions$720,100Total$1,344,100
Tax Record2024$14,153 ($1,179 / month)
Home Facts
Baths12Total Finished SqFt4,363 SqFtAbove Grade Finished SqFt4,363 SqFtUnfinished Basement SqFt1,689 SqFtStories3Lot Size5,011 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningR4CountyESSEXAPNLYNN M:082 B:600 L:029

Schools near 31 Broad Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Harrington Elementary School
PublicPK to 5

William R Fallon
PublicK 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.

Similar 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. 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 Toner Real Estate, LLC, Colleen Toner

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.