44 Essex Street
44 Essex Street
$1,700,000
9
4
4,131
4,131
$412
Description
MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed...MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.
- Listed by Raymond R. Clements • Investment Property Advisors
Property Details for 44 Essex Street
Town
Lynn
AreaMA-Lynn
Garage Spaces0
Parking Spaces4.00
Parking Spaces Total4
Location
LISTING UPDATED: 04/14/2024 03:09 AM
Property Details for 44 Essex Street
Status | Active |
---|---|
MLS # | 73222386 |
Days on Market | 19 |
Taxes | $9,078 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 4 Family - 4 Units Up/Down |
Year Built | 1890 |
County | Essex County |
Location
Building Information for 44 Essex Street
Stories3Residences4Year Built1890Building Size-Lot Size0.11 AC / 5,000 SF
Payment Calculator
$10,034 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 44 Essex Street
Property History for 44 Essex 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 44 Essex Street
Taxable ValueLand$192,900Additions$766,700Total$959,600
Tax Record2024$10,105 ($842 / month)
Home Facts
Baths4Total Finished SqFt4,131 SqFtAbove Grade Finished SqFt4,131 SqFtUnfinished Basement SqFt1,377 SqFtStories3Lot Size5,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1890ZoningR1CountyESSEXAPNLYNN M:104 B:429 L:002
Schools near 44 Essex 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 | ||
Ingalls Elementary School 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.
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