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679-681 Western Ave

8 Unit Apartment Building $2,552,723 CAD ($319,090 CAD/Unit) 4.75% Cap Rate Lynn, MA 01905

Apartment Buildings Massachusetts Lynn 679-681 Western Ave, Lynn, MA 01905

Executive Summary

Perfect for 1031 exchange. Property on major bus route, easily rented, redevelopment potential, rents under market value.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Price $2,552,723 CAD Building Class C
Price Per Unit $319,090 CAD Lot Size 0.41 AC
Sale Type Investment Building Size 14,727 SF
Cap Rate 4.75% Average Occupancy 100%
No. Units 8 No. Stories 3
Property Type Multifamily Year Built 1870
Property Subtype
Apartment
  • Office Office Residential
 Parking Ratio 1.76/1,000 SF
Apartment Style Low Rise
Price $2,552,723 CAD
Price Per Unit $319,090 CAD
Sale Type Investment
Cap Rate 4.75%
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Low Rise
Building Class C
Lot Size 0.41 AC
Building Size 14,727 SF
Average Occupancy 100%
No. Stories 3
Year Built 1870
Parking Ratio 1.76/1,000 SF

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Fenced Lot
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - -
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Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number LYNN-000053-000263-000031 Total Assessment $1,518,824 CAD (2024)
Land Assessment $795,981 CAD (2024) Annual Taxes -$1 CAD ($0.00 CAD/SF)
Improvements Assessment $722,843 CAD (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
LYNN-000053-000263-000031
Land Assessment
$795,981 CAD (2024)
Improvements Assessment
$722,843 CAD (2024)
Total Assessment
$1,518,824 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023

zoning

Zoning Code R5-BUS
R5-BUS
(781) 632-5888

Contact

  • Listing ID: 33950630

  • Date on Market: 2024-11-21

  • Last Updated:

  • Address: 679-681 Western Ave, Lynn, MA 01905

The North Suburbs-Essex Multifamily Property at 679-681 Western Ave, Lynn, MA 01905 is currently available. Contact CSA Realty for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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679-681 Western Ave
(781) 632-5888 x

679-681 Western Ave

Carl Aloupis

(781) 632-5888

(781) 632-5888

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