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The Steve Bremis Team 617-828-1070

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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.

Property Details of 44 Essex Street

Property Details

Location

  • Town: Lynn
  • County: Essex
  • State: MA
  • Zip: 01902

Interior Features

Interior Features

  • Bedrooms: 9
  • Bathroom: 4
  • Full Bath: 4
  • Square Feet: 4,131
  • Rooms: 18

Exterior Features

Exterior Features

  • Acreage: 0.11
  • Foundation: Concrete Perimeter
  • Parking Spaces: 4

Map Location

Driving Directions

Listed by Raymond R. Clements of Investment Property Advisors
73222386

Lynn, MA Demographics

4A61D2

There is no data available

73222386

Lynn, MA Real Estate Market Data

4A61D2 FF9900 DC3912

There is no data available

73222386

Lynn, MA Schools

School Name Distance Type Grades

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network , Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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.

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