CCertihomes
119 Essex St, Lynn, MA 01902

$1,499,000

0 beds 0 baths 53 days on marketActive

About this home

Builders/Developers/RE Portfolio Mgrs...Fully permitted "shovel ready" Age-Restricted development opportunity with permits in place. Take advantage of existing building permits and rights to build 24 Apartments consisting of 4 Studios and 20 1BR apartments. Once stabilized, the bldg will produce a steady income, low turnover and a valuable addition to your portfolio—initial occupancy rents on file for serious inquiries. Get in now to secure the opportunity to "build new." This development satisfies Lynn's Inclusionary zoning requirements.

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
$9,396/mo

Real estate (PITI + HOA + PMI)
$9,336
Principal + interest$6,799
Property tax + insurance$1,975
PMI / 2nd mortgage$562
Utilities
$736
Heating + cooling$206
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$150
Car insurance + maintenance$150
Other (entertainment)
$158
$9,396/mo TLC
Budget$9,896/mo
Remaining after TLC$500/mo
Purchase price
$1,499,000
Down payment
$74,950 (5%)
Loan amount
$1,424,050
APR
4%

Quick facts

Type
Commercial
Style
Year built
Lot size
0.15 ac
Stories
0
Heating
Cooling
Water
Public
HOA
Annual tax
$2,464
MLS #
73210571
County
Essex

Home features

Community
Public TransportationShoppingParkWalk/Jog TrailsMedical FacilityLaundromatHighway AccessHouse of WorshipPrivate SchoolPublic SchoolT-StationSidewalks
Sewer
Public Sewer

Lot features

Level, Corner Lot, Cleared, Curbs & Gutters, Sidewalks, Lot Staked

Schools

Elementary
Ingalls
Middle
T. Marshall
High
English-Stmarys

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.

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MLSPIN

Listing information last refreshed 3/9/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.