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Key Details
Sold Price $780,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,366 sqft
Price per Sqft $329
MLS Listing ID 73225942
Sold Date 06/25/24
Bedrooms 5
Full Baths 2
Year Built 1900
Annual Tax Amount $7,691
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Description
This attractive two-family home in Lynn, Massachusetts, is back on the market due to a delay in the previous buyer's 1031 exchange and offers a unique opportunity for both investors and those seeking a primary residence with rental income potential. Featuring a semi-finished basement and walk-up attic ready for transformation into additional living spaces, the first unit includes two bedrooms and one bathroom, while the second offers three bedrooms and one bathroom. The property also boasts practical amenities such as a two-car garage and energy-efficient solar panels leased from Sunnova, reducing utility costs with a monthly solar contract of $105.95 to be assumed by the new owner. Sold as-is, this home is perfect for maximizing rental yields or enjoying a mix of personal use and income generation, making it a smart investment in a desirable, sustainability-focused home.
Location
State MA
County Essex
Zoning R2
Direction Off of Chestnut St
Rooms
Basement Partially Finished, Walk-Out Access
Interior
Interior Features Laundry Room, Living Room, Dining Room, Kitchen
Heating Steam, Oil
Appliance Washer, Dryer, Microwave, Refrigerator, Freezer
Exterior
Garage Spaces 2.0
Community Features Public Transportation, Park
Roof Type Shingle
Total Parking Spaces 5
Garage Yes
Building
Lot Description Gentle Sloping
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
Special Listing Condition Real Estate Owned
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Bought with Esteban Higuita • Broad Sound Real Estate, LLC