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5 Seaside Terrace
Lynn, MA. 01902


MLS # 72865988 - Active
Multi-Family 3 Family - 3 Units Up/Down    

List Price $839,900 Days on Market  
List Date   # Units 3
Sale Price   # Floors  
Sold Date   Rooms 15
Assessed Value $627,600 Bedrooms 7
Gross Living Area 3,026SF Full Baths 3
Lot Size 4,885SF Half Baths 0
Taxes $8,177.63 Fireplaces  
Tax Year 2022 Basement Yes
Zoning R4 Waterfront No
Est. Street Front   Beach Nearby Yes
Year Built 1870 Parking Spaces 0
    Garage Spaces 0

Remarks:

Investors take notice! Welcome to 5 Seaside Ter, a highly sought after undervalued, fully tenanted property located on the Lynn/Swampscott line less than half a block from the ocean. This well maintained 3-family property offers a total of seven bedrooms with one bathroom per unit. The units boast gleaming hardwood floors and/or wall-to-wall carpet, a full eat-in kitchen with serene ocean top unit view. The entire building has been well maintained for years, with fresh vinyl siding and a clean outdoor space, easy for any investor to step in and add this to their portfolio. Steps to the beach, close to Boston.

Features
Amenities   Public
   Transportation, Walk/Jog
   Trails, Marina,
   T-Station, University
Basement   Full, Concrete
   Floor
Beach   0 to 1/10 Mil mi.,
   Ocean,Access (Public)
Construction   Frame
Electricity   200 Amps
Exterior   Vinyl
Exterior Feat.   Porch,
   Deck
Flooring   Wood, Wall to
   Wall Carpet
Foundation   Fieldstone
Heating Zones   3
Hot Water   Oil
Lead Paint   Unknown
Lot   Level
Parking   On Street Permit
Road   Public
Roof   Asphalt/Fiberglass
   Shingles
Sewage District   Lws
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Electric Range, for
   Electric Oven
Units
Unit 1 Appliances: Range, Refrigerator; Bedrooms: 2; Cooling: Window AC; Floor: 1; Full Baths: 1; Heating:
     Hot Water Baseboard; Interior: Hardwood Floors, Bathroom With Tub & Shower; Lease: No; Levels: 1;
     Rent: 1350; Rent Includes: Water; Rooms: 5; Rooms Desc.: Living Room, Dining Room, Kitchen
Unit 2 Bedrooms: 2; Floor: 2; Full Baths: 1; Lease: Yes; Levels: 1; Rent: 1700; Rooms: 5
Unit 3 Appliances: Range, Refrigerator; Bedrooms: 3; Cooling: Window AC; Floor: 3; Full Baths: 1; Heating:
     Hot Water Baseboard; Interior: Balcony/Deck, Wall to Wall Carpet; Lease: No; Levels: 1; Rent: 1200;
     Rent Includes: Water; Rooms: 5; Rooms Desc.: Living Room, Dining Room, Kitchen
Financial Info
Electricity   $486
Expenses Source   Owner
   Provided, Pro. Forma
   Available
Expenses Year End   07/21
Gross Expenses   $16,202
Gross Oper. Income  
   $51,000
Insurance   $3,078
Misc.   $8,177
Net Oper. Income   $34,798
Refuse Removal   $270
Repairs & Maint.   $1,200
Sewage   $1,495
Water   $1,496
Additional Information
APOD Available?   Yes
Deed   Book: 24571, Page:
   246
Disclosures   Buyers and
   Buyers agent to do own
   due diligence
Foreclosure   No
GLA Source   Public Record
Identifier   Map: 102,
   Lot: 005, Block: 552
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 7/19/21 8:01pm

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: RE/MAX 360 Listing Agent: DiVirgilio Homes


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