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550 Eastern Ave

Lynn, MA 01902
  • $700,000
  • STATUS: Under Agreement
  • MLS #: 72917475
Pending
UPDATED: 31 min ago
$700,000
  • 6
    BEDS
  • 0.12
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,386
    SQFT
  • $293
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:
Area:

School Ratings & Info

Listing courtesy of Hector Cocar of Cameron Real Estate Group - Salem.

Description

Great Investor opportunity or owner occupant looking to start investing in a multi 3 family located in the highly sought after East Lynn, Swampscott line. Easy major route accessibility and close proximity to Flax Pond, Target and Home Depot. Property offers great back yard space with shed, cabana and plenty of parking. Each unit has 2 bedrooms and 1 Bath with potential for an additional bedroom on units 1 & 2, eat in kitchen with dishwashers in units 1 & 2 hardwood floors throughout in good condition. Vinyl windows and sidings front porches recently updated. With inventory being so low don't miss out on the chance to own this income producing property priced to sell.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-12-04T08:07:57.933.
www.jameslynchrealestate.com/homes/123117368
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550 Eastern Ave Lynn, MA 01902

  • Price: $700,000
  • Status: Under Agreement
  • On Site: Days
  • Updated: 31 min ago
  • MLS #: 72917475
6
Beds
3
Baths
0
½ Baths
0.12
Acres
2,386
SQFT
$293
$/SQFT
1915
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
Great Investor opportunity or owner occupant looking to start investing in a multi 3 family located in the highly sought after East Lynn, Swampscott line. Easy major route accessibility and close proximity to Flax Pond, Target and Home Depot. Property offers great back yard space with shed, cabana and plenty of parking. Each unit has 2 bedrooms and 1 Bath with potential for an additional bedroom on units 1 & 2, eat in kitchen with dishwashers in units 1 & 2 hardwood floors throughout in good condition. Vinyl windows and sidings front porches recently updated. With inventory being so low don't miss out on the chance to own this income producing property priced to sell.
Exterior Features

Beach Description Other (See Remarks) Beach Miles To 3/10 To 1/2 Mile Beach Ownership Public Beachfront Yes Color Yellow Construction Other (See Remarks) Exterior Vinyl Exterior Features PorchBalconyFenced Yard Foundation Fieldstone Lot Description Other (See Remarks) Parking Features Off-Street Parking Spaces 6 Road Type Public Roof Material Other (See Remarks) Waterfront Flag No Waterview Flag No

Interior Features

Basement Yes Basement Features FullWalk OutConcrete FloorUnfinished Basement Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Energy Features Insulated Windows Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Flooring WoodWall To Wall CarpetLaminate Floors Unit1 1 Floors Unit2 2 Floors Unit3 3 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Hot Water OilNatural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Rooms 14 Rooms Unit1 5 Rooms Unit2 5 Rooms Unit3 4

Property Features

Amenities Other (See Remarks) Apod Available No Assessments 559900.00 Contingency Type Financing Disclosure No Electric Features 100 Amps Expenses Source Other (See Remarks) Gross Operating Income 50400 Lead Paint Unknown Lease Unit1 N Lease Unit2 Y Lease Unit3 N Lender Owned No Multifamily Type 3 Family Net Operating Income 50400 Rent Unit1 1500 Rent Unit2 1400 Rent Unit3 1300 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2021 Taxes 7295.00 Terms Contract For Deed Utility Connections For Gas RangeFor Electric Range Water City/Town Water Year Built Description Unknown/Mixed Year Built Source Public Record Zoning R1

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Hector Cocar of Cameron Real Estate Group - Salem.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-12-04T08:07:57.933.
 
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Listing courtesy of Hector Cocar of Cameron Real Estate Group - Salem.