Active
4 Days on market
32 Grant Street Lynn — Photo 1 of 31

32 Grant Street Lynn — Photo 1 of 31

$825,000

Investment Analysis — 32 Grant Street

Lynn, MA 01902

Based on rent reported on the MLS listing, a 2-unit multi-family in 01902 carries $3,000/mo in gross rent — about a 2.15% cap rate and $17,745/yr in estimated NOI at the $825,000 list price. Adjust every assumption in the calculator below.

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Beds

6

Baths

2

SqFt

2,063

Style

2 Family - 2 Units Up/Down

Built

2008

Opportunity is knocking with this great 2 family home built in 2008. Offering an abundance of parking and set back from the street for added privacy, this young home features 6 bedrooms, 2 full baths, and excellent basement and attic spaces for storage and seasonal items. Each unit has private entrances, 3 generously sized bedrooms, stylishly updated bathrooms, hardwood floors, convenient in-unit laundry, and great layouts throughout with open concept living/dining room combo, ample kitchen for the home cook, and large closets. Enjoy the generous private yard and a rare two-level detached outbuilding in the rear which is perfect for an expanded home office space, creative studio, expansive home gym, handyman workshop, or create your very own private retreat. Now is the perfect time to explore all that Lynn has to offer, with trendy downtown shops, fantastic north shore restaurant scenes, and an easy commute to Boston via the commuter rail. Close to Lynn/Swampscott and Nahant's waterfront & beaches, with easy highway access to Routes 95/128 and Route 1. Making this an ideal location for the avid commuter. A great opportunity for both owner occupants and investors alike.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

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Property Details

Financials

Original Price$825,000
Annual Taxes$9,615

Parking

Garage0
Off-Street6

Interior Specifications

Total Rooms10
FireplacesNone
FlooringTile, Carpet, Hardwood
BasementFull, Walk-Out Access, Concrete

Climate & Utilities

HeatingBaseboard, Natural Gas
Cooling--
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame, Stone
RoofShingle
FoundationConcrete Perimeter
ZoningR2

Property & Lot

Acres0.14
SqFt Lot6,146
Lot FeaturesLevel

Amenities & Appliances

Range • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Public School

Geography

Listing Provided By

Listing Agent: Michael Foulds

Listing Office: Trinity Real Estate

MLS® Number: 73572977