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27 Ingalls St
Lynn, MA. 01902
Essex County
Directions:
Ingalls Street Runs Between Chatham And Jackson Streets, Near The
Intersection With Essex Street.
MLS # 72120987
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Sold
Multi-Family 5-9 Family Blue
List Price |
$725,000 |
Days on Market |
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List Date |
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# Units |
6 |
Sale Price |
$730,000 |
# Floors |
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Sold Date |
4/28/17 |
Rooms |
22 |
Assessed Value |
$491,400 |
Bedrooms |
14 |
Gross Living Area |
5,805SF |
Full Baths |
6 |
Lot Size |
3,310SF |
Half Baths |
0 |
Taxes |
$7,665.84 |
Fireplaces |
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Tax Year |
2017 |
Basement |
Yes |
Zoning |
R1 |
Waterfront |
No |
Est. Street Front |
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Beach Nearby |
Yes |
Year Built |
1925 |
Parking Spaces |
0 |
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Garage Spaces |
0 |
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Remarks:
Rare investment opportunity to own and operate a Six-family residence consisting of four 2-bedroom and two-3 bedroom, de-leaded apartments. Five units are now rented with upside rental potential and TAW tenants. Separate heat, hot water and electrical systems, newer roof.
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Features |
Amenities Public Transportation, Shopping, Park, Golf Course, Medical Facility, Highway Access, House of Worship, Marina, Private School, Public School, T-Station,
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University Basement Full Beach 1 to 2 Mile mi., Ocean (Public) Construction Frame Electricity Circuit Breakers, 60 Amps/Less Energy Insulated Windows Exterior Asbestos
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Flooring Wood, Tile, Vinyl, Wall to Wall Carpet Foundation Fieldstone, Brick Heating Zones 6 Hot Water Natural Gas Lead Paint Certified Treated
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Lot Paved Drive Parking Off-Street, Paved Driveway Road Public Roof Tar & Gravel Sewer / Water City/Town Sewer, City/Town Water Utility Connections for Gas Range
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Units |
Unit 1
Appliances: Range, Refrigerator; Bedrooms: 2; Full Baths: 1; Heating: Forced Air, Gas, Individual; Lease: No; Levels: 1; Rent: 1000; Rent Includes: None; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 2
Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 1; Full Baths: 1; Heating: Forced Air, Gas, Individual; Lease: No; Levels: 1; Rent: 1100; Rent Includes: None; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 3
Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 2; Full Baths: 1; Heating: Forced Air, Gas; Lease: No; Levels: 1; Rent: 1000; Rent Includes: None; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 4
Appliances: Range, Refrigerator; Bedrooms: 3; Floor: 2; Full Baths: 1; Heating: Forced Air, Gas; Lease: No; Levels: 1; Rent: 1250; Rent Includes: None; Rooms: 5; Rooms Desc.: Living Room, Kitchen
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Financial Info |
Expenses Source Owner Provided Expenses Year End 12/16
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Gross Expenses $14,725 Gross Oper. Income
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$76,800 Insurance $3,000
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Net Oper. Income $61,334 Water $4,800
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Additional Information |
APOD Available? Yes Anticipated Sale Date 04/28/2017 Deed Book: 18415, Page: 424
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Disclosures 5 gas, FHA heating systems and one FHA by oil unit 3L. 6 Separate HW tanks by gas. Foreclosure No
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GLA Source Public Record Off Market Date 4/16/17 Seller Disclosure Doc No Short Sale No
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Year Built Desc. Approximate Year Built Source Public Record
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Property Last Updated by Listing Office: 4/30/17 2:44pm
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Courtesy: MLSPIN
Listing Office: RE/MAX Advantage Real Estate
Listing Agent: Kathleen Sullivan
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