Sold!
$780,000
15
Beds
6
Baths
6,384
Living Area
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Property Description
Turn-key 6-family investment opportunity with three 3-bedroom and three 2-bedroom units, generating over $102K in annual gross rental income. All units have had recent updates, including vinyl plank flooring, updated bathrooms, fresh paint, and window replacements. Additional recent improvements include a rebuilt exterior porch, new siding, a new fire alarm panel, and an intercom system. One unit was just renovated and is currently vacant, ready for a new market-rate tenant or owner-occupancy. Lead certificates are available for four units. Tenants pay all utilities except water, with each unit having separate electric and gas meters. The property has been professionally managed, and all tenants are in good standing. It also features a paved driveway for two cars and a fenced-in backyard. Strong cash flow with long-term investment potential.
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Highlights
- Heating: Electric
- Parking Spots: 2
- Property Type: 5-9 Family
- Total Rooms: 27
- Status: Closed
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1906
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Additional Details
- Basement: Full, Interior Entry, Concrete
- Flooring: Tile, Vinyl, Varies, Hardwood
- Interior Features: Pantry, Bathroom With Tub, Remodeled, Lead Certification Available, Living Room, Kitchen
- Roof: Shingle
- Total Number of Units: 6
- Year Built Source: Public Records
- Construction: Frame
- Foundation: Brick/Mortar
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: I2
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Amenities
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Electric: Circuit Breakers, Individually Metered, Varies per Unit
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $501,200
- Tax Year: 2024
- Total Rent: $8,520
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
- Taxes: $8,049
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Coldwell Banker Realty - Lynnfield.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
