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Prepared for : Jun-22-2017 08:08:56 pm

27 Ingalls St
Lynn, MA. 01902
MLS # 72120987
Multi-Family 5-9 Family Blue  
Status Sold
County Essex
Directions Ingalls Street Runs Between Chatham And Jackson Streets, Near The Intersection With Essex Street.
List Price $725,000 Days on Market  
List Date   # Units 6
Sale Price $730,000 # Floors  
Sold Date 4/28/17 Rooms 22
Assessed Value $491,400 Bedrooms 14
Gross Living Area 5,805SF Full Baths  
Lot Size 3,310SF Half Baths  
Taxes $7,665.84 Fireplaces  
Tax Year 2017 Basement Yes
Zoning R1 Waterfront No
Est. Street Front   Beach Nearby Yes
Year Built 1925 Parking Spaces 0
    Garage Spaces 0
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Total Price $
Down Payment $
Principal $
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Monthly Payment $
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Rare investment opportunity to own and operate a Six-family residence consisting of four 2-bedroom and two-3 bedroom, de-leaded apartments. Five units are now rented with upside rental potential and TAW tenants. Separate heat, hot water and electrical systems, newer roof.


Amenities : Public Transportation, Shopping, Park, Golf Course, Medical Facility, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Basement : Full
Beach : 1 to 2 Mile mi., Ocean (Public)
Construction : Frame
Electricity : Circuit Breakers, 60 Amps/Less
Energy : Insulated Windows
Exterior : Asbestos
Flooring : Wood, Tile, Vinyl, Wall to Wall Carpet
Foundation : Fieldstone, Brick
Heating Zones : 6
Hot Water : Natural Gas
Lead Paint : Certified Treated
Lot : Paved Drive
Parking : Off-Street, Paved Driveway
Road : Public
Roof : Tar & Gravel
Sewer / Water : City/Town Sewer, City/Town Water
Utility Connections : for Gas Range

Unit 1 : Appliances: Range, Refrigerator; Bedrooms: 2; Full Baths: 1; Heating: Forced Air, Gas, Individual; Lease: No; Levels: 1; Rent: 1000; Rent Includes: None; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 2 : Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 1; Full Baths: 1; Heating: Forced Air, Gas, Individual; Lease: No; Levels: 1; Rent: 1100; Rent Includes: None; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 3 : Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 2; Full Baths: 1; Heating: Forced Air, Gas; Lease: No; Levels: 1; Rent: 1000; Rent Includes: None; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 4 : Appliances: Range, Refrigerator; Bedrooms: 3; Floor: 2; Full Baths: 1; Heating: Forced Air, Gas; Lease: No; Levels: 1; Rent: 1250; Rent Includes: None; Rooms: 5; Rooms Desc.: Living Room, Kitchen

Expenses Source : Owner Provided
Expenses Year End : 12/16
Gross Expenses : $14,725
Gross Oper. Income : $76,800
Insurance : $3,000
Net Oper. Income : $61,334
Water : $4,800

APOD Available? : Yes
Anticipated Sale Date : 04/28/2017
Deed : Book: 18415, Page: 424
Disclosures : 5 gas, FHA heating systems and one FHA by oil unit 3L. 6 Separate HW tanks by gas.
Foreclosure : No
GLA Source : Public Record
Off Market Date : 4/16/17
Seller Disclosure Doc : No
Short Sale : No
Year Built Desc. : Approximate
Year Built Source : Public Record


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The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.