CASH FLOW …CASH FLOW,INVESTORS TAKE NOTICE…TURN KEY OPERATION.NOTHING TO DO. Owner occupied for the past 20 years. Very well-maintained property. Completely renovated from top to bottom 8 years ago. Flat rubber roof 8 years old. Units 1 & 2 have living-dining – huge eat in kitchens, 3 beds 2 full baths occupied by owners, potential $3000 rent for each unit. Units 3 and 4 have 1 bed each and are currently rented. Partially finished basement. Hardwood floors throughout and tiled bathrooms and kitchens. Separate utilities. High rents include hot water. Close to all of the areas amenities; the commuter rails, Beaches and much more. Easy access to public transportation. Unit 1,2 and 3 to be delivered vacant. Subject to owners finding suitable housing.

Property Details

Price:
$1,200,000
MLS #:
73311217
Status:
Active Under Contract
Beds:
8
Baths:
6
Address:
461-463 Eastern Ave
Type:
Multi Family
Subtype:
4 Family
City:
Lynn
Listed Date:
Nov 9, 2024
State:
MA
Finished Sq Ft:
5,232
Total Sq Ft:
5,232
ZIP:
01902
Lot Size:
5,899 sqft / 0.14 acres (approx)
Year Built:
1900
Units:
4

Schools

Interior

Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator
Bathrooms
6 Full Bathrooms
Flooring
Wood, Tile, Hardwood
Heating
Oil, Electric

Exterior

Community Features
Public Transportation, Shopping
Parking Features
Paved Drive, Off Street
Parking Spots
8
Roof
Rubber

Financial

Net Operating Income
$15,600
Tax Year
2024
Taxes
$15,067

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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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461-463 Eastern Ave
Lynn, MA