Great Multi unit in a highly desirable traffic street on Route 107 or Western Ave near everything: Bank, Bus, Laundromat, Restaurants, Stop & Shop, Public and Private Schools and much more. This is a solid building producing 6 rental income and an office that can potentially be another rentable space with half bath. Furthermore, if you prefer to rent the attached one-car garage for extra income, it's all up to you. Don't let this opportunity pass you buy! No public open houses, scheduled showings only for one or two apartments and common areas, then others after offer acceptance. Group Showing Sunday from 2-3pm
Sale Statistics
Sale Overview
Original List Price:$965,000
Final Sale Price:$840,000
Difference:
$125,000 (-13.0%)
Performance Metrics
87.0%
List to Sale Ratio
Sold below asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$302
Sale $/sq ft:$263
This property sold for $263 per square foot
Sale Summary
This property sold for 13.0% below the original asking price.
With only 4 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1873
Bedrooms
6
Full Bathrooms
6
Half Bathrooms
1
Living Area
3,191 sq ft
Total Rooms
20
Stories
6
Levels
6
Interior Features
Flooring
Wood, Vinyl, Hardwood
Has Fireplace
No
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior & Structure
Construction Materials
Frame
Roof
Tar/Gravel
Foundation
Concrete Perimeter, Slab
Foundation Area
1,456 sq ft
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.48 acres
Lot Size
20,952 sq ft
Lot Size Area
0.4800
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Medical Facility, Laundromat, House of Worship, Private School, Public School, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$18,680
Tax Year
2023
Tax Assessed Value
$934,200
Parcel Number
1992844
Zoning
R2
Financial Data Source
Estimated, Limited Information
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
This 6 units is fully occupied as 1 bedroom apartments. 3 larger units tenants are using either living room or dining as second bedrooms
Location
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Neighborhood
437-445 Western Ave, Lynn MA 01904
Lynn, MA 01904
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$1,557
Homeowners Insurance$200
PMI$0
Property History
Market Insights
13%
Price Range
6
Total Days on Market
Property Timeline
✓
Sold
May 10, 2024
$840,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Jan 11, 2024
$965,000
Original listing
Agent: Salvatore LoBruttoOffice: Salvatore Lo Brutto
