$1,700,000
About this home
MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.
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.
- Real estate (PITI + HOA + PMI)
- $10,793
- Utilities
- $562
- Transportation
- $150
- Other (entertainment)
- $158
Quick facts
Home features
Lot features
Level
Neighborhood — 01902
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 41,091 | 6,444,931 | 299,088,112 |
| Population Change Since1990 | 13.00% | 7.00% | 20.00% |
| Population Density | 16,575 | 786 | — |
| Male | 19,939 | 3,127,134 | 147,432,321 |
| Female | 21,152 | 3,317,797 | 151,655,844 |
| Never Married | 11,798 | 1,612,885 | 63,775,926 |
| Married | 12,114 | 2,586,314 | 123,120,365 |
| Separated | 2,491 | 247,857 | 12,639,686 |
| Widowed | 2,546 | 363,594 | 15,467,586 |
| Divorced | 2,961 | 436,888 | 23,075,029 |
| Number Of House Hold | 15,601 | 2,431,591 | 111,826,380 |
| Average House Hold Size | 2.59 | 2.56 | 2.60 |
| Medial Age | 32.08 | 37.25 | 35.46 |
| 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 R | 5.00% | 5.00% | — |
| W C J | 79.43% | 81.38% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 4/10/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.