CCertihomes
62 Nahant Street, Lynn, MA 01902

$1,599,000

13 beds 4 baths 4,039 sqft Built 1893195 days on marketActive

About this home

Sparkling Clean, Licensed Rooming/ Boarding house in Highly Desirable Diamond District, just a Few Blocks from the Beach! Income Producing all while in PRIME LOCATION! Great corner lot, Large 2 car detached garage ( rented separately for bonus income!) and a full dry basement with high ceilings with tons of storage space. 13 current rental units (including a separate 1-bedroom apartment) and an office space that can potentially be another rentable room (14 total). All rooms include closets and some are extra large potentially being able to add more beds for more income- buyer to verify. Scheduled showings of common areas only then others after offer acceptance* Pre-approval or proof of funds required prior to showings.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$10,258/mo

Real estate (PITI + HOA + PMI)
$10,326
Principal + interest$7,252
Property tax + insurance$2,474
PMI / 2nd mortgage$600
Utilities
$556
Heating + cooling$116
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$150
Car insurance + maintenance$150
Other (entertainment)
$158
$10,258/mo TLC
Budget$10,758/mo
Remaining after TLC$500/mo
Purchase price
$1,599,000
Down payment
$79,950 (5%)
Loan amount
$1,519,050
APR
4%

Quick facts

Type
5+ Family - Rooming House
Style
Year built
1893
Lot size
0.16 ac
Stories
3
Heating
Oil
Cooling
Water
Public
HOA
Annual tax
$10,555
MLS #
73173217
County
Essex

At a glance

Fireplace
Basement
Garage (1)

Home features

Interior
Laundry Room
Exterior
Rain GuttersProfessional Landscaping
Community
Public TransportationShopping
Parking
Paved
Flooring
Hardwood
Sewer
Public Sewer

Lot features

Corner Lot

Neighborhood — 01902

MetricThis ZIPCountyUSA
Population41,0916,444,931299,088,112
Population Change Since199013.00%7.00%20.00%
Population Density16,575786
Male19,9393,127,134147,432,321
Female21,1523,317,797151,655,844
Never Married11,7981,612,88563,775,926
Married12,1142,586,314123,120,365
Separated2,491247,85712,639,686
Widowed2,546363,59415,467,586
Divorced2,961436,88823,075,029
Number Of House Hold15,6012,431,591111,826,380
Average House Hold Size2.592.562.60
Medial Age32.0837.2535.46
Median House Hold Income$38,313$57,698$48,276
Average House Hold Income$46,594$75,023$63,629
P C I$18,300$29,196$24,529
M D I$33,554$48,105$41,133
A T H E$41,693$57,083$50,898
S T R5.00%5.00%
W C J79.43%81.38%77.74%
(Zip) Code
1902

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 10/23/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.