SPECTACULAR 3 FAMILY HOME-A TURNKEY INVESTMENT OPPORTUNITY!!! Welcome to this stunning 3 family home, meticulously renovated from top to bottom just one year AGO! This impressive property boasts brand-new kitchens withquartz countertops new bathrooms and entirely new plumbing throughout the house. Convenient public laundry hookups are located in the basement, and beautiful hardwood floors adorn the entirety of the home. The first and second floors are rented for $3,000 each, with tenancy at will, providing a steady income stream. The third floor is vacant and ready for you to occupy, offering the perfect opportunity to live in one unit and rent out the others. Conveniently located close to shops and restaurants, this home is perfectly situated for easy access to all the amenities you need. Don’t miss this incredible opportunity to own a turnkey 3-family home that’s sure to appreciate over time. With its unique blend of modern updates and classic charm, this property is a rare find

Property Details

Price:
$999,900
MLS #:
73337231
Status:
Active Under Contract
Beds:
8
Baths:
3
Address:
316 Essex Street
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Lynn
Listed Date:
Feb 21, 2025
State:
MA
Finished Sq Ft:
3,473
Total Sq Ft:
3,473
ZIP:
01902
Lot Size:
5,444 sqft / 0.12 acres (approx)
Year Built:
1876
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Parking Features
Paved Drive
Parking Spots
6

Financial

Net Operating Income
$72,000
Tax Year
2025
Taxes
$8,740

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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316 Essex Street
Lynn, MA