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SOLD 4/30/2016

5 Nichols St, Lynn, MA 01902$620,000

11
beds
4
baths
5288
ft2
· 4427
ft2 lot
$117 / ft2

Listing provided courtesy of Listing Broker: Pedro Cordano, Century 21 North Shore
Source MLS PIN;
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What a fantastic investment opportunity . Huge three family and a Three bedroom single in the back. All 4 units are leased to Section 8 Tenants. Property in good condition. Three family renovated in 2008 and recently painted. New rubber roof and new hot water heaters. All units are 3 bedrooms and big size rooms. Great Location (Diamond District). Short walk to Ocean. Lead Paint certificates of Compliance for all units on file.

HOA

$—/month

On market

6 months

Year built

1910

Property type

4 Family

Parking

4

MLS

71931581

Price / Sq.Ft.

$117 / ft2

Status

Sold

Home details for 5 Nichols St

Interior Features & Layout
Interior Features
•   
Electric Details: 100 Amps
•   
Energy Details: Insulated Windows, Insulated Doors
Appliances
•   
Hot Water: Natural Gas
Rooms Info
•   
Total Levels: 3, 7, 5
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 2, 1
•   
Total Levels Unit 3: 3, 1
•   
Total Levels Unit 4: 2
•   
Total Rooms Unit 1: 6
•   
Total Rooms Unit 2: 6
•   
Total Rooms Unit 3: 5
•   
Total Rooms Unit 4: 6
•   
Total Rooms: 23, 23, 23
Flooring
•   
Unit 4 Floor Level: 1
•   
Flooring: Wall to Wall Carpet, Eucalyptus
Bedrooms Info
•   
Total Beds: 11
•   
Unit 4 Beds: 3
•   
Unit 3 Beds: 3
•   
Unit 2 Beds: 3
•   
Unit 1 Beds: 3
Bathrooms Info
•   
Full Baths: 4, 4
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Property, Lot, Community & Exterior Features
Property Features
•   
Beach Description: Ocean
•   
Beachfront
•   
Beach Ownership: Public
Community Info
•   
Total Units In Complex: 4
Exterior Features
•   
Color: brown
•   
Building Exterior Details: Wood, Porch
Property Type
•   
Property Type: 4 Family
•   
Mls Prop Type: 4 Family
•   
Mls Property Type: Multi-family
Community Features
•   
Area Amenities: Public Transportation, Walk/Jog Trails
Lot Info
•   
Zoning: R1
•   
Lot Description: Paved Drive
•   
Acres: 0.10
Building Info
•   
Sqft Source: Public Record
•   
Square Ft. Disclosure: Includes single fam. in the back
•   
Foundation: Fieldstone, Brick
•   
Roof: Wood Shingles, Rubber
•   
Year Built Description: Approximate
•   
Water/Sewer Built: 2992
•   
Lead Paint: Certified Treated
•   
Year Built Source: Public Record
•   
Construction Materials: Frame
Basement Info
•   
Basement
Parking Info
•   
Parking Descriptions: Off-Street
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Utilities
•   
Utilities: for Gas Range, for Gas Oven, for Gas Dryer, for Electric Dryer
•   
Electric: 1449
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 3439
•   
Fin Code: Conv. Fixed
•   
Finances Source: Owner Provided
•   
Apod Available
Listing Info
•   
Offline Listing Number: 2200591
•   
Oh Flag: 1
•   
Status: Sold
Lease Info
•   
Gross Revenue: 7880
•   
Gross Income: 67320
•   
Net Operating Income: 59368
•   
Monthly Rent Unit 1: 1360
•   
Monthly Rent Unit 2: 1360
•   
Monthly Rent Unit 3: 1360
•   
Lease 1
•   
Monthly Rent Unit 4: 1400
•   
Lease 2
•   
Lease 4
Tax/Assessment Info
•   
Tax Year: 2015
•   
Assessed Value: 414400.00
•   
Taxes: 6941.00
•   
Apn: M:093 B:568 L:017
Listing Contacts
•   
Selling Agent: cn203708
Terms
•   
Terms Feature: Contract for Deed
School Neighborhood & Directions
Location
•   
Street Number: 5-9
•   
Map Book: 28544
•   
Area: Diamond District
•   
Beach Distance: 0 to 1/10 Mile
•   
Map Page: 572
•   
Directions: Lewis to Cherry to Nichols Street
•   
Road Type: Public
•   
Zip Code +4: 3112
School Info
•   
Elementary School: Ingalls Element
•   
High School: Lynn English
•   
Middle School: Thursgood
Other
Other
•   
Main So: BB7126
Calculation
•   
Price Per Sqft: 117.25
•   
List Price Per Sqft: 124.62
•   
Sold Price Per Sqft: 117.25
•   
Cdom Property: 168
•   
Cdom Broker: 168
•   
Cdom: 168

Neighborhood snapshot

55
Properties for sale
20
Median days on market
$304.88
Median sold price/sqft
104.02%
Sold/List %
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Property History for 5 Nichols St

05/03/2016
05/03/2016
MLS PIN #71931581
sold
MLS PIN #71931581
$620,000
04/22/2016
04/22/2016
Public Record
sold
Public Record
$620,000
+103.28%
05/01/2009
05/01/2009
Public Record
sold
Public Record
$305,000
--43.52%
12/30/2002
12/30/2002
Public Record
sold
Public Record
$540,000

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