Lynn, MA 01905,42 River St
Lynn, MA 01905,42 River St
Lynn, MA 01905,42 River St
5
$1,550,000
$1,600,000
3.1%
Est.Price: ?

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18 BD
6 BA
6,600 SqFt

42 River St Lynn, MA 01905

Est. payment /mo
SOLD DATE : 06/01/2021

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,550,000

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,600 sqft

Price per Sqft $234

MLS Listing ID 72763317

Bedrooms 18

Full Baths 6

Year Built 1901

Annual Tax Amount $12,700

Tax Year 2020

Lot Size 3,920 Sqft

Property Sub-Type 5-9 Family

Property Description

Well managed clean 6 family fully occupied. All 6 units have de-lead compliance letters. Strong rental history with very little turnover. All 6 units are 3 bed 1 bath. All 6 units in the building are separately metered for heat, hot water, and electric and paid by the tenant. All Units have identical floor plans and lay outs. Recently renovated units with hard wood floors throughout. Easy access off of Western Ave. Great turn key opportunity for Investors. Close to everything you would need and easy to get to. Gross annual rental income of $144,000.00 per year with a NOI of over $120,000.00!.

Location

State MA

County Essex

Zoning R4

Building

Story 9

Foundation Stone

Sewer Public Sewer

Water Public

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Listed by Northeast Development & Investment, Inc.
Bought with Mike Tokatlyan • Contempo Builders, Inc.
agent

Eric Coury

Realtor - Team Manager

+1(508) 838-6956

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