VERY RARE opportunity to own a beautiful 2 family home located on Flax Pond w/ Pond Frontage. Beautifully situated on an 8,320 sq.ft. level lot., this 2,294 sq.ft. 2 family home features 2 driveways, separate heating, 2 gas meters & separate 100amp electric for both units. Each unit has its own separate access making this home ideal for owner occupying or an investor. 2nd floor unit has stunning Pond views, a walk-up 3rd floor, eat in modern kitchen, nice dynamic layout w/ multiple bedrooms & a rear water view deck. 1st floor has two bedrooms, kitchen / dining & a full bath. Superb location close to St. Pius School, Lynn Woods, shopping & just 10 minutes from the COMMUTER RAIL, Ferry & all major highways. Showings begin at the first open house on Saturday (1/18) from 11:30 PM to 1:00 PM & Sunday (1/19) from 11:30 PM to 1:00 PM. First Floor unit is occupied. Unit 2 is empty. Price point reflects needed work. Property being sold AS-IS. Don’t miss out, this one will go fast.

Property Details

Price:
$740,000
MLS #:
73325860
Status:
Active
Beds:
4
Baths:
2
Address:
37 Lake Ave
Type:
Multi Family
Subtype:
2 Family – 2 Units Up/Down
City:
Lynn
Listed Date:
Jan 14, 2025
State:
MA
Finished Sq Ft:
2,294
Total Sq Ft:
2,294
ZIP:
01904
Lot Size:
8,320 sqft / 0.19 acres (approx)
Year Built:
1900
Units:
2

Schools

Interior

Bathrooms
2 Full Bathrooms
Flooring
Wood, Tile

Exterior

Construction Materials
Frame
Other Structures
Shed(s)
Parking Features
Off Street
Parking Spots
4
Roof
Shingle

Financial

Net Operating Income
$25,200
Tax Year
2025
Taxes
$7,299

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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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37 Lake Ave
Lynn, MA