40 Park Street
40 Park Street
$560,000
12
6
6,828
6,828
$82
Sold 11/19/15
Description
Investor alert! Looking to get in to the investment game? Already an investor and just looking to add to your growing portfolio? No matter what kind of investor you are, this home could be a great fit for you. A true six-family featuring six apartments each consisting of five rooms, two bedrooms and a full bathroom. All currently tenanted with total rents of around $5400/month. The rents have room to grow but, even with the current rents, the home generates a generous positive cash flow. Each floor...Investor alert! Looking to get in to the investment game? Already an investor and just looking to add to your growing portfolio? No matter what kind of investor you are, this home could be a great fit for you. A true six-family featuring six apartments each consisting of five rooms, two bedrooms and a full bathroom. All currently tenanted with total rents of around $5400/month. The rents have room to grow but, even with the current rents, the home generates a generous positive cash flow. Each floor offers a rear deck shared between the units. Large basement. Potential for off-street tandem parking in the rear. Nice corner lot close to Lynn Commons, restaurants, stores, public transportation and more. Home will shown during group showings only.
- Listed by Matthew Newhall • Century 21 Tradition - Georgetown
Property Details for 40 Park Street
Town
Lynn
MLS AreaLynn Common
AreaMA-Lynn-Lynn Common, MA-Lynn
Garage Spaces0
Parking Spaces3.00
Parking Spaces Total3
Location
LISTING UPDATED: 08/06/2022 06:18 AM
Property Details for 40 Park Street
Status | Sold |
---|---|
MLS # | 71896349 |
Days on Market | 59 |
Taxes | $6,114 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 5-9 Family |
Year Built | 1903 |
County | Essex County |
Location
Building Information for 40 Park Street
Stories9Residences5Year Built1903Building Size-Lot Size0.12 AC / 5,212 SF
Payment Calculator
$3,566 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 40 Park Street
Property History for 40 Park Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 40 Park Street
Taxable ValueLand$191,000Additions$1,083,000Total$1,274,000
Tax Record2024$13,415 ($1,118 / month)
Home Facts
Baths6Total Finished SqFt6,828 SqFtAbove Grade Finished SqFt6,828 SqFtUnfinished Basement SqFt2,276 SqFtStories3Lot Size5,212 SqFtStyleMulti-Family Res (5+ Units)Year Built1903ZoningR4CountyESSEXAPNLYNN M:053 B:726 L:018
Schools near 40 Park 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 |
---|---|---|
Connery Elementary School PublicPK to 5 | ||
William R Fallon 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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