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Key Details
Sold Price $695,900
Property Type Multi-Family
Sub Type 2 Family - 2 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $483
MLS Listing ID 73321833
Sold Date 02/24/25
Bedrooms 4
Full Baths 2
Year Built 1900
Annual Tax Amount $5,988
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 2 Family - 2 Units Up/Down
Property Description
Wonderful opportunity to own a two-family home in Lynn; perfect for owner occupancy or investment! Cap Rate 7.04%, see attached Proforma. Extensively renovated with a new second-floor kitchen in 2018, a four-year-old roof, a Trex deck in front, a newer ductless mini split on the second floor, and gas heat with separate meters. Hardwood floors throughout. Park, restaurants, and shopping nearby. Easy highway access. Just 1 mile to the beach, and a 15-minute walk to the nearest T station to be built soon. Included in the sale is a 9.5 foot wide piece of land parallel to the street which provides parking for up to 9 cars. Don't miss it! Please allow 24 hours for offer review.
Location
State MA
County Essex
Zoning R2
Direction Rte 107/Broadway to Summer St to Liberty/Essex St to left on Rockaway St left on Rockaway Place
Rooms
Basement Full
Interior
Interior Features Living Room, Kitchen
Heating Baseboard, Natural Gas, Ductless
Cooling Ductless
Appliance Washer, Range, Refrigerator
Basement Type Full
Exterior
Community Features Public Transportation, Park, Highway Access, Public School
Waterfront Description Beach Front,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)
Roof Type Shingle
Total Parking Spaces 8
Garage No
Waterfront Description Beach Front,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Robert E. Ford
Middle Schools Marshall Middle
High Schools Lynn E. High
Others
Senior Community false
Acceptable Financing Contract
Listing Terms Contract
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Bought with Thomas McKenna • eXp Realty
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Ryan Askew
Sales Associate | License ID: 9578345
Sales Associate License ID: 9578345