36 Sagamore St
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36 Sagamore St
5 Unit Apartment Building $1,545,148 CAD ($309,030 CAD/Unit) 8.08% Cap Rate Lynn, MA 01902
Investment Highlights
- Turn key
- low expenses
- Strong NOI
Executive Summary
Well situated just off of Lynn's Diamond District, this well maintained 5 unit would be a great addition to anyone's portfolio. Boasting a strong NOI, the property's seperate utilites help keep owner's costs down and profitability up. It's close proximity to major bus lines and the commuter rail make it a favorite spot for tenants....as does the beach only two blocks away. Fully occupied....the current rent roll is strong, but does leave room for minor rent increases as you turn units over. Email listing agent for complete Matterport tour of property
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$153,678
|
$17.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$153,678
|
$17.89
|
| Taxes |
$10,282
|
$1.20
|
| Operating Expenses |
$18,483
|
$2.15
|
| Total Expenses |
$28,765
|
$3.35
|
| Net Operating Income |
$124,913
|
$14.54
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $153,678 |
| Annual Per SF | $17.89 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $153,678 |
| Annual Per SF | $17.89 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,282 |
| Annual Per SF | $1.20 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,483 |
| Annual Per SF | $2.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,765 |
| Annual Per SF | $3.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $124,913 |
| Annual Per SF | $14.54 |
Property Facts
| Price | $1,545,148 CAD | Building Class | C |
| Price Per Unit | $309,030 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 3,139 SF |
| Cap Rate | 8.08% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,545,148 CAD |
| Price Per Unit | $309,030 CAD |
| Sale Type | Investment |
| Cap Rate | 8.08% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 3,139 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1890 |
| Parking Ratio | 0.64/1,000 SF |
1 of 1
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | LYNN-000081-000582-000001 | Total Assessment | $1,043,677 CAD |
| Land Assessment | $255,090 CAD | Annual Taxes | $10,282 CAD ($3.28 CAD/SF) |
| Improvements Assessment | $788,587 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
LYNN-000081-000582-000001
Land Assessment
$255,090 CAD
Improvements Assessment
$788,587 CAD
Total Assessment
$1,043,677 CAD
Annual Taxes
$10,282 CAD ($3.28 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R-5, Lynn |
| R-5, Lynn |
-
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