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$174,900
● Multifamily - Off Market

5 Broad

Lynn, MA
bedrooms
1 Bed
bathrooms
2 Baths, 1 Half Bath
square feet
1,296 Ft²
$295,356
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

Great opportunity for investor or owner occupant!  Rent out both units & benefit from the cash flow!  Occupy 2nd floor unit & benefit from rental income of the 1st floor unit! Freshly painted! The first floor was previously being used as a Barber shop. It rented for 1100.00 a month no utilities, but is now vacant. Perfect spot to open your own business, with high traffic volume!  Full basement for added storage. Second floor apt is a vacant one bedroom that rented for $950.00 a month no utilities.  There is parking for 6 cars in the rear of the building. Which owner was renting spaces to building next door for $200.00 a month.  Close to public transportation,college, shopping, restaurants, parks,golf courses, & beaches! Don't miss out on owning your own little gem in the Diamond District!
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$127
Property Type
Multifamily
Property Taxes
$269
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: 4 years ago (MLSPIN #71769915)

Price History

Date / Event Date Event Price
May 15, 2015 Sold
Premium
Sold
Nov 18, 2014 Listed by eXp Realty $164,900
Listed by eXp Realty

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Shared Driveway, Off Street, Paved
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Rooms: 5
Exterior Details
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Multi Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Area: 0.06
Lot Size Units: Acres
Lot Size Acres: 0.06
Zoning: Mixed
Parcel Number: 2002873
Water Source: Public
Financial Details
Tax Assessed Value: $167,400
Tax Annual Amount: $3,230
Utilities Details
Sewer : Public Sewer
Location Details
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Marina, T-Station

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: 4 years ago
Data Source: MLS PIN, MLS# 71769915
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