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Kim Sweeney

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New

54 Rockaway Pl Lynn, MA 01902

4 Beds

2 Baths

1,440 SqFt

UPDATED:

01/03/2025 02:16 PM

Key Details

Property Type Multi-Family

Sub Type 2 Family - 2 Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $486

MLS Listing ID 73321833

Bedrooms 4

Full Baths 2

Year Built 1900

Annual Tax Amount $5,988

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Property Description

Wonderful opportunity to own a two-family home in Lynn; perfect for owner occupancy or investment! Cap Rate 8.21%, see attached Proforma. Extensively renovated with a new second-floor kitchen in 2018, a four-year-old roof, a Trex deck in front, a newer ductless mini split on the second floor, and gas heat with separate meters. Hardwood floors throughout. Park, restaurants, and shopping nearby. Easy highway access. Just 1 mile to the beach, and a 15-minute walk to the nearest T station to be built soon. Included in the sale is a 9.5 foot wide piece of land parallel to the street which provides parking for up to 9 cars. SHOWINGS BEGIN at the Open House on Saturday 01/04 and Sunday 01/05 both from 11 AM to 1 PM. Don't miss it!

Location

State MA

County Essex

Zoning R2

Direction Rte 107/Broadway to Summer St to Liberty/Essex St to left on Rockaway St left on Rockaway Place

Rooms

Basement Full

Interior

Interior Features Living Room, Kitchen

Heating Baseboard, Natural Gas, Ductless

Cooling Ductless

Appliance Washer, Range, Refrigerator

Exterior

Community Features Public Transportation, Park, Highway Access, Public School

Waterfront Description Beach Front,Ocean,1/2 to 1 Mile To Beach,Beach Ownership(Public)

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Story 3

Foundation Stone

Sewer Public Sewer

Water Public

Schools

Elementary Schools Robert E. Ford

Middle Schools Marshall Middle

High Schools Lynn E. High

Others

Senior Community false

Acceptable Financing Contract

Listing Terms Contract

Listed by LAER Realty Partners

Kim Sweeney

Advisor | License ID: 9082004

+1(508) 524-1921

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