Joseph Wilson - Joe Wilson & Company Realty

22 Bassett St, Lynn, MA 01902

Multi-Family

$609,900
Price

3
Units
3,393
Approx. GLA
Investment Opportunity for a great oversized 3 Family less than 2/10 of a mile from the beach located in Lynn's desirable Diamond District. Updated Baths and Kitchens, Insulated Windows, original hardwood floors in great condition. Tenants on 1st and 2nd floor been there over 8 years with impeccable record of timely payments - both would like to remain. 3rd Floor just re-rented for $1400 (TAW). Both units (1 & 2) are under market rents in the area, first floor is recently approved for Section 8.
Open House
No scheduled Open Houses
Highlights
Basement Features: Full
List Price: $609,900
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Active
Beds: 6
Baths: 3
Units: 3
Year Built: 1900
Year Round: Yes
Approx. GLA: 3,393
MLS#: 72398237
Interior
Basement: Yes
Electricity Cost: $360
Electric Features: Circuit Breakers, 200 Amps
Heating Units: 3
Heating Zones: 3
Flooring: Wood, Tile
Energy: Insulated Windows, Insulated Doors
Hot Water: Natural Gas
Rooms: 15
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.09
Lot Size: 3,810.00
Lot Description: Level
Foundation: Brick
Parking Spaces: 6
Road Type: Public
Color: Green
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Utility: for Gas Range
Exterior: Aluminum, Vinyl
Exterior Features: Porch
Water: City/Town Water
Water: City/Town Water
Sewage District: lynn
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $491,800
Taxes: $7,451
Tax Year: 2018
Book/Page: 24706/425
Beach
Beach: Yes
Miles to Beach: 1/10 to 3/10
Beach Description: Ocean
Beach Ownership: Public
Expenses
Expenses Source: Estimated
Gross Income: $49,800
Gross Expenses: $9,551
Total Rent: $1,950
Net Income: $40,249
Insurance Cost: $3,200
R&M Cost: $300
Water Cost: $1,600
 
Additional
Amenities: Public Transportation, Shopping, Public School
Exclusions: Tenants property and appliances will not be included in the sale
Disclosure Declaration: No
Disclosure: Property is owned by listing agent. Sold as is.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 3 0 1 1 0 Yes 0 $1,500
Unit 2 6 2 0 2 1 0 No 1 $1,450
Unit 3 5 1 0 3 1 0 No 1 $1,400
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Dishwasher, Refrigerator  Heating:  Gas  Interior:  Hardwood Floors, Stone/Ceramic Tile Floor, Cable TV Available  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Dishwasher, Disposal, Microwave, Refrigerator  Heating:  Gas  Interior:  Hardwood Floors, Tile Floor  Rooms:  Living Room, Dining Room, Kitchen 
Unit 3
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Range, Dishwasher, Disposal, Microwave  Heating:  Gas  Interior:  Hardwood Floors, Tile Floor  Rooms:  Living Room, Kitchen 
Common
Heating:  Gas 
Map
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The listing office is Best Deal Realty, LLC and the listing agent is Pamela J. Zerber. 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 10/15/2018 2:05:00 PM.
 
Joseph Wilson
Joseph Wilson
Joe Wilson & Company Realty