42 River St

Lynn, MA
$ 1,600,000 Beds 18 Baths 6 Sq 6,600
Monthly Estimate* How much can I afford?

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!.

Multi-Family

  • Price
  • $ 1,600,000
  • Lot Size
  • 3,920 SqFt
  • Bedrooms
  • 18
  • Sqr Footage
  • 6,600
  • Full Bathrooms
  • 6
  • Year Built
  • 1901
  • Half Bathrooms
  • 0
  • City, Zip
  • Lynn
  • Taxes
  • 12700
  • County
  • ESSEX
  • Style
  • 5-9 Family
  • Area
  • MLS#
  • 72763317
  • Zip
  • 01905
Listing Provided by: Andrew Haddad with Northeast Development & Investment, Inc..

Features

General

Full Baths 6
Lead Paint Unknown
Levels 5
Sewer City/Town Sewer
Square Feet 6600.00
State Massachusetts
Unit 1 Rent 2000
Unit 2 Rent 2000
Unit 3 Rent 2000
Unit 4 Rent 2000

Interior Features

Bedrooms (1) 3
Bedrooms (2) 3
Bedrooms (3) 3
Bedrooms (4) 3
Total Bedrooms 18
Total Number of Units 6

Exterior Features

Foundation Fieldstone
Lot Description Paved Drive

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Methuen, MA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

12/3/2020 Listed $1,600,000

Property vs Zip Code Average in 01905

Price
AVG $940K
$1.6M
Taxes
AVG $7,430
$12,700
Visits
AVG 41
53
Year Built
AVG 1904
1901

Map

Areas That We Cover

42 River St Lynn, MA is a Single Family Home for sale at $1600000 with 6600 sqft and a lot size of 3,920 SqFt Acre(s). 42 River St Lynn has 18 bedrooms, 6 baths and was built in 1901. The property's zip code is 01905 which is in Lynn, MA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.