Property Description

Lynn’s classic 3-family on Laurel St pairs turn-key cash flow with long-term upside. Each sun-filled 2 bed/1 bath home offers parlor living/dining rooms, hardwoods, and refreshed kitchens & baths. Big-ticket items are complete: three high-efficiency gas boilers and hot-water heaters (2024), ongoing maintenance upgrades, vinyl siding, and replacement windows for low exterior upkeep. Separately metered utilities and tenant-paid heat/electric minimize owner expense. 0.14-acre lot provides off-street parking plus a shared yard. R4 zoning and full basement offer potential for storage or added value (buyer to verify). Walk to Lynn Harbor, commuter rail, buses, shops and downtown dining; about 10 mi to Boston via Rt-1A/128. All tenants are tenants at will.

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Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: House of Worship, Park, Public Transportation, Shopping, Walk/Jog Trails
  • Basement Features: Full
  • Common Rooms: Dining Room, Kitchen, Living Room
  • Common Interior Features: Tile Floor
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Common Heating: Forced Air, Oil
  • Common Cooling: None

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 32400
  • Net Operating Income: 32400

Utilities

  • Heat Zones: 3
  • Electric Info: Circuit Breakers, Individually Metered, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Brick, Fieldstone
  • Roof Material: Tar & Gravel
  • Flooring Type: Laminate, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73363826
  • Last Updated: 04/23/25

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Seller's Representative: Lohith Chundi, Real Broker MA, LLC
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 2025-04-23 20:00:00

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