This three-family home in Lynn presents a fantastic opportunity for the next owner whether you are an owner occupant or an investor, this is a turnkey property in a sought-after neighborhood. This building features two – three-bedroom apartments and one – two-bedroom apartment. All three apartments are in great condition and feature a nicely laid out floor plan. Off street parking, a fenced in backyard, and laundry in the basement make this a convenient building to live in. The location of this three-family home is truly a standout feature; roughly half a mile from the Swampscott commuter rail, close to some of the area’s best restaurants, and just over two miles to Vinnin Square Plaza which features Whole Foods, Starbucks, several restaurants, and more! This prime location adds even more value to an already great investment, whether you’re looking to live in one unit and rent out the others or rent all three for steady income.

Property Details

Price:
$899,000
MLS #:
73312403
Status:
Active Under Contract
Beds:
8
Baths:
3
Address:
90 Timson St.
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Lynn
Listed Date:
Nov 13, 2024
State:
MA
Finished Sq Ft:
2,856
Total Sq Ft:
2,856
ZIP:
01902
Lot Size:
4,746 sqft / 0.11 acres (approx)
Year Built:
1900
Units:
3

Schools

Interior

Bathrooms
3 Full Bathrooms

Exterior

Parking Features
Paved Drive, Off Street, Tandem
Parking Spots
5

Financial

Net Operating Income
$74,400
Tax Year
2024
Taxes
$7,997

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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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90 Timson St.
Lynn, MA