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You are here:
$995,000
4 Unit
8 Beds
5 Baths
4089 SQFT
0.17 Acre
4 - 4A Broad
Lynn, MA 01950

Property Description

A few streets to the beach! 4-FAMILY plus SHOP in CARRIAGE HOUSE with endless possibilities! This 4-family + is located near King's Beach & Swampscott in the thriving city of LYNN. Newer roof, newer siding & many newer windows throughout. Property features sprinkler system for future condo readiness reduced insurance policy. Heating system for unit 1 is <10 years old, all other units have separate electric heat. Hot water is included in all rents. De-lead info available for Unit #1. All rents UNDER MARKET! Coin operated laundry in basement for tenants, garages rented at $150 monthly each & you still have 8 more parking spots for tenants! All tenants except Unit 3 are tenant-at-will, this property has potential to be very profitable, assessed at $ 1,149,000 priced to sell - incredible opportunity for savvy buyer City encourages development of ancillary structures (LOT over 7000 square feet) expand 5th unit, legal hobby-workshop, office/BUSINESS. Buyer completes independent due diligenc

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 8
  • Total Bedrooms: 8
  • Total Full Baths: 5
  • Amenities: Highway Access, Laundromat, Marina, Park, Public Transportation
  • Basement Features: Full
  • Common Heating: Electric, Forced Air, Space Heater

Financial

  • APOD Available: No
  • Gross Operating Income: 84000
  • Net Operating Income: 84000

Utilities

  • Heat Zones: 4
  • Energy Features: Other (See Remarks), Varies per Unit
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Hot Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Hot Water
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 4 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Other (See Remarks)
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73312289
  • Last Updated: 11/14/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/13/2024New$995,000$243MLSPIN

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Map & Resources

E. J. Harrington Elementary School

Public Elementary School, Grades: PK-5

0.2mi

Brickett Elementary School

Public Elementary School, Grades: K-5

0.28mi

Saint Joseph School

School

0.36mi

North Shore Community College - Lynn Campus

University

0.4mi

Cobbet Junior High School

Grades: 7-9

0.45mi

Domino's

Pizzeria

0.44mi

Dunkin'

Donut & Coffee Shop

0.44mi

Lynn Fire Department

Fire Station

0.47mi

Galleries at LynnArts

Gallery

0.41mi

Lynn Museum - LynnArts

Museum

0.44mi

Goldfish Pond Park

Municipal Park

0.22mi

Smith Street Playground

Municipal Park

0.26mi

Woodbury Point

Park

0.29mi

Red Rock Park

Park

0.34mi

Lynn Shore Reservation

State Park

0.45mi

Sagamore St. Playground

Playground

0.32mi

Evolution Artistic Hair Design

Hairdresser

0.41mi

Dito's Convenience Store

Convenience

0.41mi

Ironbound Marketplace & Food Emporium

Supermarket

0.37mi

Poblano's Mexican Grocery

Supermarket

0.46mi

Lewis St @ Chestnut St

441
441442
442

0.06mi

Lewis St @ Atlantic St

441
441442
442

0.06mi

Lewis St @ Cherry St

441
441442
442

0.17mi

Broad St @ Nahant St

441
441442
442

0.17mi

Lewis St @ Lafayette Park

441
441442
442

0.17mi

Nahant St @ W Baltimore St

439

0.18mi

Broad St @ Silsbee St

441
441442
442

0.24mi

Lynn Interim

Newburyport-Rockport

0.28mi

Seller's Representative: Clarendon Companies Group, Clarendon Companies Group
MLS ID#: 73312289

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-11-14 08:42:00

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