M. Celata Real Estate
268A Broadway, Revere, MA 02151
781-289-7500 | reveremoe@comcast.net

211 Chestnut street, Lynn, MA 01902

Multi-Family

$612,000
Price
$550,000
Sale Price

5
Units
4,179
Approx. GLA
*Investors* 5 unit well maintained. CASH COW 61500.00 a month !!! OVER 73,500 k a year in rental income. 3 bedroom 3 bedroom 1 bedroom 1 bedroom 1 bedroom!!! Below market rents, but long term tenants. Separate electric and heat for all 5 units. Vinyl siding about 3 yrs. rubber roof 8-10 years. SOME Electric is updated. windows replaced 8-10years. Coin op laundry in basement covers water bill. Hot water is on one system. #1 forced hot water-gas #2 Forced hot air-gas (new) #3 electric #4 electric #5 forced hot water- gas. 3 tandem parking spots. Buyers due diligence !! 1st and 2nd floor rents just got raised 100.00 each and still well below market rent.
Highlights
Sale Price: $550,000
Settled Date: 8/14/2017 12:00:00 AM
Basement Features: Full, Concrete Floor, Unfinished Basement
List Price: $612,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Sold
Beds: 9
Baths: 6
Units: 5
Year Built: 1910
Year Round: Yes
Approx. GLA: 4,179
MLS#: 71977469
 
Interior
Basement: Yes
Electricity Cost: $80
Heating Units: 5
Heating Zones: 5
Flooring: Wood, Tile, Vinyl, Wall to Wall Carpet, Wood Laminate
Hot Water: Natural Gas
Rooms: 19
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.08
Lot Size: 3,600.00
Lot Description: Paved Drive
Foundation: Poured Concrete
Parking Spaces: 3
Parking Features: Off-Street
Road Type: Public, Paved, Publicly Maint., Sidewalk
Construction: Stone/Concrete
Roof Material: Rubber
Utility: for Gas Range, for Electric Range
Exterior: Vinyl
Exterior Features: Porch, Deck, Gutters, Screens, Fenced Yard
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $357,800
Taxes: $5,789
Tax Year: 2016
Book/Page: 23493/5721
Beach
Beach: Yes
Miles to Beach: 1/2 to 1 Mile
Beach Description: Ocean
Beach Ownership: Public
Expenses
Gross Income: $73,800
Gross Expenses: $360
Total Rent: $6,050
Net Income: $66,840
Gas Cost: $80
Water Cost: $200
Additional
Amenities: Public Transportation
Exclusions: tenants personal property
Disclosure Declaration: Yes
Disclosure: washer, dryer, and all refrigerators go with sale.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 3 0 1 2 0 No 1 $1,400
Unit 2 6 3 0 1 1 0 No 2 $1,450
Unit 3 3 1 0 3 1 0 Yes 1 $1,150
Unit 4 3 1 0 3 1 0 Yes 1 $1,150
Map
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The listing office is M. Celata Real Estate and the listing agent is Kimberly Paula. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 6/18/2018 10:05:00 PM.
 
Kimberly Paula
Kimberly Paula
Sales Agent
M. Celata Real Estate