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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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9-11 Dungeon Ave , Lynn, MA 01905
$579,900
Est. Payment: $1,288.67/mo
4 Bed
2 Bath
1368 Sqft
Status: Active | Days on site: 94
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AN6355 - TM364476
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Excellent opportunity for an investor looking for immediate rental income with value-add potential. Currently generating $4,700/month ($56,400 annually) in rental income, with an approximately 8%+ projected cap rate based on current income and operating expenses. Tenants pay all utilities except water/sewer. All tenants are month-to-month, providing a new owner flexibility with the existing tenancies.Four off-street parking spaces. Both units have their own washer and dryer. The property is currently occupied, livable, and income-generating, but it does need updating. The interior has received fresh paint in several areas, while the exterior would benefit from updated vinyl siding/wrapping. This creates a great value-add opportunity for an investor to improve the property over time and further increase rents. The property has consistently generated extremely strong rental demand and would be perfect for an owner-occupant.
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Highlights

Listed by The Aland Realty Group LLC , 603-501-0463.

Property Type

Multi-Family
Lot/Acreage
0.28

Year Built

1970

County

Essex

Listing ID

73536785

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Range, Microwave, Refrigerator, Washer, Dryer, Dishwasher
Air Cond:Window Unit(s)
Fireplaces:
Floor:Tile,Vinyl
Water:Public

Exterior Features

Lot:Wooded
Garage Capacity:3
Zoning:R2
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Paved,Parking Spaces: 3
Principal Interest
$1,289
Taxes
$417

Home Price

$579,900

Loan Details

30 yrs
%

Down Payment

20%
$115,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,288.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,288.67 $416.92 $0.00 $1,705.58
Yearly $15,464.00 $5,003.00 $0.00 $20,467.00
Total $463,920.00 $150,090.00 $0.00 $614,010.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lynn, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.