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32-34-40 Ocean Avenue, Lynn MA 01902 – 21 bed 18 bath For Sale – 73151418

$ 2,475,000
32-34-40 Ocean Avenue, Lynn MA 01902, ,
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Overview

  • Updated On:
  • December 15, 2024
  • listingid
  • 73151418
  • 21 Bedrooms
  • 15 Bathrooms
  • 0 Garage Spaces
  • 11 Total Parking
  • 1900
  • HOA Fee

Description

The Ocean Avenue Portfolio (32-34 & 40 Ocean Avenue) offers investors oceanfront properties with great views of Lynn Beach, Nahant and Boston. 32-34 Ocean Avenue is a 3-story residential building with rentable square footage of 3,861 and a total gross square footage of 6,145. The property consists of two (1) one-bedroom/1 bathroom, one (1) one-bedroom, and two (2) two-bedrooms/1.5-2 bathrooms. 40 Ocean Avenue is a 3-story residential building with rentable square footage of 8,472 and a total gross square footage of 10,052. The property consists of six (6) three-bedroom units/1.5 bathrooms and one (1) three-bedroom unit/2 bathrooms. Both properties have laundry facilities located in the basements, 10 to 11 off-street parking and ocean views.

Property Details

Property Id: 491825
Price: $ 2,475,000
Property Size: 12,333.00 ft2
Property Lot Size: 0.17 ft2
Rooms: 49
Bedrooms: 21
Bathrooms: 15
Full Bath: 12
Half Bath: 6
Total Bathrooms: 15
Disclosures: N
Basement: Full,Partial
Last Updated: 2024-11-01T16:27:06.935Z
Building Area Source: Public Records
Building Area Total: 12333
Building Area Units: Square Feet
Community Features: Public Transportation,Shopping,Park,Walk/Jog Trails,Bike Path,Highway Access,T-Station
Directions: Ocean Street right on Atlantic Terrace right on Ocean Avenue
Disclosures: Seller and Seller’s agent makes no representation or warranty to the accuracy of any information provided,Buyer to conduct their own due diligence related to both properties.
Electric Expense: 7546
Expiration Date: 1900-01-01
Financial Data Source: Owner
Foundation Area: 9999
Foundation Details: Stone,Brick/Mortar
Gross Income: 205495
Gross Scheduled Income: 24706
Insurance Expense: 12998
List Agent MlsId: NB115212
List Office MlsId: AN7007
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2023-08-18
Listing ID: 73151418
Lot Size: 0.17
Lot Size SqFt: 7590
Lot Size Units: Acres
Anticipated Sale Date: 2024-12-31T05:00:00.000Z
Date Available: Yes
Bedroom 1: 1
Bedroom 2: 2
Bedroom 3: 2
Bedroom 4: 2
Bath 1: 1
Bath 2: 1
Bath 3: 2
Bath 4: 1
Unit 2 Baths: 1
Unit 4 Baths: 1
Lead Paint: Unknown
Lease 1: N
Lease 2: N
Lease 3: N
Lease 4: N
Unit 1 Living Levels: 1
Unit 2 Living Levels: 1
Unit 3 Living Levels: 1
Unit 4 Living Levels: 1
Listing Alert: No
Price Per SqFt: 200.68
Days in Market: 20
Total Days on Market: 20
Open House: 1
MLS PIN Page: 516
Price Per SqFt: 200.68
Unit 1 Rent: 1300
Unit 2 Rent: 1400
Unit 3 Rent: 1500
Unit 4 Rent: 2000
Living Area Includes Basement: No
Team Member: CN251378
Waterview Features: Ocean
Water View: Yes
MLS Status: Under Agreement
Last Updated: 2024-11-01T16:24:00.000Z
Net Operating Income: 107259
Number Of Units: 11
Off Market Date: 2023-09-07
Operating Expense: 98236
Original List Date: 2023-08-23T13:05:00.000Z
Original List Price: 2475000
Parking Features: Paved Drive
Total Parking: 11
Purchase Contract Date: 2023-09-07
Road Type: Public
Roof: Slate,Rubber
Sewer: Public Sewer
State: MA
Status Change Time: 2023-09-07T17:11:00.000Z
Total Stories: 7
Tax Annua lAmount: 25322
Tax Assessed Value: 2271100
Tax Book Number: 23004
Tax Year: 2023
Total Actual Rent: 17775
Water/Sewer Expense: 8588
Water Source: Public
Waterfront Features: Beach Front,Ocean,0 to 1/10 Mile To Beach,Beach Ownership(Public)
Year Built: 1900
Year Built Details: Approximate
Year Built Source: Public Records
Zoning: R2

Payment Calculator

$ 14,181.10
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 11,871.10

Amenities and Features

Other Features
Open Parking

Property Address

Address: 32-34-40 Ocean Avenue, Lynn MA 01902
City:
Area:
State/County:
Zip: 01902
Country: United States
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32-34-40 Ocean Avenue, Lynn MA 01902 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.

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32-34-40 Ocean Avenue, Lynn MA 01902 – 21 bed 18 bath For Sale – 73151418

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