4 - 4A Broad, Lynn, MA 01902
View Map
$995,000
4 Unit
8 Beds
5 Baths
4089 SQFT
0.17 Acre

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 Diamond District. 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 diligence.

Property Details 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: 12/16/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/17/2024Active$995,000$243MLSPIN
11/13/2024New$995,000$243MLSPIN

Mortgage Calculator

View Breakdown

Map

Seller's Representative: Clarendon Companies Group, Clarendon Companies Group
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

© 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 2024-12-16 16:04:00

Related Properties