36 Sagamore St, Lynn, MA 01902
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$1,100,000
5 Unit
5 Beds
5 Baths
3139 SQFT
0.11 Acre

Property Description

Well situated just off of Lynn's Diamond District, this well maintained 5 unit would be a great addition to anyone's portfolio. Boasting a strong NOI, the property's seperate utilites help keep owner's costs down and profitability up. It's close proximity to major bus lines and the commuter rail make it a favorite spot for tenants....as does the beach only two blocks away. Fully occupied....the current rent roll is strong, but does leave room for minor rent increases as you turn units over. Email list agent for full Matterport tour of property. Group showings Sat Oct 5th 1030-1230 and Wed Oct 9th 530-630

Property Details tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 5
  • Total Bedrooms: 5
  • Total Full Baths: 5
  • Amenities: Conservation Area, Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Full

Financial

  • APOD Available: Yes
  • Gross Operating Income: 109404
  • Gross Expenses: 20478
  • Electric Expenses: 605
  • Water/Sewer: 5600
  • INSC: 5000
  • Repairs & Maintenance: 2614
  • Miscellaneous Expense: 1025
  • Net Operating Income: 109404

Utilities

  • Heat Zones: 5
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Flooring Type: Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73298232
  • Last Updated: 10/10/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
10/07/2024Active$1,100,000$350MLSPIN
10/03/2024New$1,100,000$350MLSPIN

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Seller's Representative: Paul B. Campano, Keller Williams Realty Boston Northwest
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-10-10 09:09:00