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listing
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MultifamilyFor Sale
$1,700,000
44 Essex Street
Lynn, MA 01902
Courtesy of Investment Property Advisors - Raymond R. Clements
MLS Property Information Network
9Beds
4Baths
4,131Sq Ft
Est. Mortgage
$8,875/mo

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.

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Information courtesy of Investment Property Advisors is subject to verification and is not guaranteed.
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