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Prepared for : Sep-22-2017 02:07:20 am

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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Down 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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