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227 Chestnut StreetLynn, MA 01905Price: $809,900

  • Price: $809,900
  • Est. Mortgage of $/month
  • 12 Days on Market
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$
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$/month over payments
Federal 30-year interest rate: 3.04% last updated on Apr 15, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $809,900List Price
  • 9Bedrooms
  • 3Bathrooms
  • 0.06Acreage
  • 3,276Square Feet

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Listed by Mike Tokatlyan of Contempo Builders, Inc.
Large 3 family that can generate lots of income offering you a 7.2-7.5 cap. All 3 units are 3 bed 1 bath. It has been fully rented through Lynn housing for 4 years. Each unit can get 1950-2K per month in rental income with water/sewer paid by owner. Fully rented it would generate 71K gross rental per year. Expenses are roughly 13,500 per year for water/taxes/common electric. Renovated in 2011, and has been well maintained since then. Large year yard to play. Currently unit 3 is vacant, unit 2 will be vacant on May 1, unit 1 is rented with a TAW at 1,950 per month through Lynn housing (inc: gas/heat). Excellent opportunity for owner occupied person to take unit 2 or 3 and have rental income of $4K per month. GROUP SHOWING SATURDAY 4/10 MESSAGE AGENT FOR TIME SLOT

Property Details of 227 Chestnut Street

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