Brought to you by: Pam Cote & Associates - RE/MAX 360
100 Cummings Center
Beverly, MA 01915

(978) 808-9345   (978) 882-4491

Lynn, MA. 01902
MLS # 72865988
Multi-Family 3 Family - 3 Units Up/Down    
Status Active
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  
Lot Size 4,885SF Half Baths  
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
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Down Payment $
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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.

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

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

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

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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