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227 Chestnut St, Lynn, MA 01905
9
beds
3
baths
3276
ft2
· 2613
ft2 lot
$809,900
$247 / ft2
Listing provided courtesy of Mike Tokatlyan, Contempo Builders, Inc..
Source MLS PIN.
Large 3 family that can generate lots of income offering you a 7.2-7.5 cap. All 3 units are 3 bed 1 bath. It has been fully rented through Lynn housing for 4 years. Each unit can get 1950-2K per month in rental income with water/sewer paid by owner. Fully rented it would generate 71K gross rental per year. Expenses are roughly 13,500 per year for water/taxes/common electric. Renovated in 2011, and has been well maintained since then. Large year yard to play. Currently unit 3 is vacant, unit 2 will be vacant on May 1, unit 1 is rented with a TAW at 1,950 per month through Lynn housing (inc: gas/heat). Excellent opportunity for owner occupied person to take unit 2 or 3 and have rental income of $4K per month. GROUP SHOWING SATURDAY 4/10 MESSAGE AGENT FOR TIME SLOT
HOA
$—/month
On market
1 month
Year built
1890
Property type
3 Family Rooming House
Parking
MLS
72809072
Price / Sq.Ft.
$247 / ft2
Status
Under Agreement
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Property Details
Interior Features & Layout
Additional Rooms
Living Room, Kitchen, Living Room, Kitchen
Hot Water
Natural Gas
Heating Description Unit 1
Central Heat, Forced Air
Utility Description
Gas, Water, Gas, Water
Total Levels
3, 6, 3
Total Levels Unit 1
1, 1
Total Levels Unit 2
2, 1
Total Beds
9
Total Levels Unit 3
3, 1
Unit 2 Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Unit 1 Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Full Baths
3, 3
Flooring
Wood
Unit 3 Full Baths
1
Total Rooms Unit 1
5
Unit 2 Full Baths
1
Total Rooms Unit 2
5
Unit 1 Full Baths
1
Unit 3 Beds
3
Total Rooms Unit 3
5
Unit 2 Beds
3
Unit 1 Beds
3
Total Rooms
15, 15, 15
Heating Description Unit2
Central Heat, Forced Air
Property, Lot, Community & Exterior Features
Total Units In Complex
3
Color
Yellow
Property Type
3 Family - Rooming House
Zoning
999999
Mls Prop Type
3 Family - Rooming House
Building Exterior Details
Vinyl, Porch - Screened
Lot Description
Level
Sqft Source
Public Record
Basement
Basement
Basement Details
Full
Foundation
Fieldstone
Roof
Rubber
Year Built Description
Actual
Mls Property Type
Multi-family
Water/Sewer Built
1800
Lead Paint
Certified Treated
Acres
0.06
Year Built Source
Public Record
Construction Materials
Frame
Utilities & Other Information
Water Source
City/Town Water
Sewer
City/Town Sewer
Electric
480
Listing Details, Costs & Financing Information
Insurance Expenses
3200
Offline Listing Number
3225663
Gross Revenue
5980
Finances Source
Owner Provided
Gross Income
45600
Disclosures
Broker is also seller.
Net Operating Income
45600
Rme
500
Monthly Rent Unit 1
1950
Monthly Rent Unit 2
1850
Tax Year
2021
Status
Under Agreement
Dislcosures
Dislcosures
Total Rent
3800
Assessed Value
999999.00
Selling Agent
H1111111
Taxes
7200.00
School Neighborhood & Directions
Street Number
227
Map Book
9999
Map Page
9999
Directions
Google maps
Road Type
Public
Other
Price Per Sqft
247.22
List Price Per Sqft
247.22
Cdom Property
23
Cdom Broker
23
Cdom
23
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: May 13, 2021 2:18pm
Neighborhood snapshot
14
Properties for sale
18
Median days on market
$303.83
Median sold price/sqft
103.38%
Sold/List %
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Property History
04/29/2021
04/29/2021
MLS PIN #72809072
pending
MLS PIN #72809072
$809,900
04/06/2021
04/06/2021
MLS PIN #72809072
active
MLS PIN #72809072
$809,900
+133.40%
07/02/2014
07/02/2014
Public Record
sold
Public Record
$347,000
+158.96%
08/27/2010
08/27/2010
Public Record
sold
Public Record
$134,000
--75.09%
08/29/2008
08/29/2008
Public Record
sold
Public Record
$537,986
+31.54%
See more property history
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