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18 Henry Ave, Lynn, MA 01902

9 Bed, 3 Bath Multi-Family Home For Sale

18 Henry Ave, Lynn, MA 01902 House For Sale - MLS #72274429
Off the Market
$529,000
9
3
Multi-Family
3 Family

Property Description for 18 Henry Ave, Lynn, MA 01902

HUGE CASH COW in Lynn close to public trans, under 3/4 mile to Central Square. All three bedroom apartments fully tenanted taking in over $5450/month = $65,500 gross annual income! TENANTS PAY THEIR OWN UTILITIES. Separate utils, circuit breakers, steam furnaces and hot water tanks. 2 BRAND NEW furnaces installed December '17 and one new hot water heater. Units 1 and 2 are sec8 long term TAW, Unit 3 market tenant leased through August 2018. Units 2 and 3 are in great shape. Unit 1 will need Cosmetic TLC if and when it turns over. ALL TENANTS PAY RENT ON TIME! Be advised NO PARKING, the driveway is a right of way for the house in the rear between 18 and 22 Henry. Excellent Investment Opportunity, you don't see these returns in this market! Priced to Sell

Interior Details

3,771 sq. ft.
$140.28/sq. ft.

Exterior Details

0.05 acres
2,350 sq. ft.

Other Details

72274429
1900

Units Description

Unit #1
Rooms: 5      Bedrooms: 3      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $1,809     

Unit #2
Rooms: 5      Bedrooms: 3      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $1,805     

Unit #3
Rooms: 5      Bedrooms: 3      Full / Half Baths: 1      Levels: 1      Floor: 3      Rent: $1,850     

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MBTA> Stations Stops

Lynn
0.53 miles
River Works
1.43 miles
Swampscott
1.74 miles
Wonderland Station
4.14 miles
Revere Beach Station
4.52 miles

Town Description

The City of Lynn was settled by colonists from the New England Company in Salem in 1629. Early settlers relied primarily on family farming and shell fishing although an iron works was established in...

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