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$318,000
● Multifamily - Off Market

313 Eastern

Lynn, MA
bedrooms
2 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,000 Ft²
$585,734
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

RARE OPPORTUNITY...HIGH VISIBILITY location for this large mixed use commercial/residential building. Currently a contractor on the first floor with large conference roof, offices, loading dock,  drafting space and 2 half baths. Second floor is a large 2 bedroom apartment, previously rented for $1200+...freshly painted. Oversized 2 car garage and ample off street parking. All utilities separate: heat, AC and electric. Roof 4 years old. Great storage in the lower level.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$110
Property Type
Multifamily
Property Taxes
$787
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #71940561)

Price History

Date / Event Date Event Price
Dec 17, 2015 Sold
Premium
Sold
Dec 11, 2015 Listed by CSA Realty $330,000
Listed by CSA Realty

Property Highlights

Parking Available
Parking Details
Has Garage
Parking Features: Paved Drive, Off Street
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 1
Interior Features: Unit 2 Rooms(Living Room, Dining Room, Kitchen)
Appliances: Unit 2(Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer)
Flooring Type: Carpet
Rooms: 9
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Area: 0.13
Lot Size Units: Acres
Lot Size Acres: 0.13
Zoning: mixed
Parcel Number: 1997655
Water Source: Public
Financial Details
Tax Assessed Value: $278,400
Tax Annual Amount: $9,439
Utilities Details
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Currently no similar homes around
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 71940561
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