103 New Park St, Lynn, MA 01905

Income Property: 3-Family Home in Lynn, MA

Property is being offered via Real Estate Auction on Wednesday, October 9, 2024 at 11am on-site. The actual selling price will be determined auction day. List price/estimated value seen is set at the real estate tax assessment. Pre-auction offers must be presented on the auction P&S and are subject to seller confirmation. 10% Buyer's Premium applies. Income Property - 3,605+/- sf 3-Family Home on .124+/- ac. w/ Yard & Off-Street Parking. Handicap accessible to 2nd floor with front ramp & chair climber to 2nd floor which is vacant for immediate occupancy. 1st & 3rd floors occupied by 30-day T-A-W. Close to the intersection of Forest St & N Franklin St. Near shopping, restaurants & parks. Easy access to bus, Routes 1, 107 & I-95. 1+/- mile to MBTA station, North Shore Community College & Lynn Heritage State Park, 2+/- miles to Lynn Beach, 4+/- miles to Nahant. RE TAX ASSESSMENT: $869,100; INCOME: See Property Info Package; SITE: .124+/- acre with fenced back yard & 2 sheds; FRONTAGE: 50+/- ft; DRIVEWAY: 3+/- parking spaces & more on paved area behind back yard gate; DESIGN: 3-story 3-family 6 BR, 3 BA home built circa 1915 on brick foundation; RENOVATIONS: Vinyl siding, roof (6-8+/- years), 2nd FL upgraded in 2020 with back deck & expanded kitchen, 2 water heaters (3+/- years); GROSS BUILDING AREA: 5,562+/- sf; GROSS FINISH AREA: 3,606+/- sf; 1ST FL UNIT: 2 BR, BA, kitchen, pantry/laundry, LR, front room, bay window, front & back porches; 2ND FL UNIT: 2 BR, BA, kitchen, pantry/laundry, LR/front room, bay window, front porch, back deck; 3RD FL UNIT: 2 BR, BA kitchen, pantry/laundry, front room, cubby, bay window, attic; BASEMENT: 1,249+/- sf full unfinished with concrete floor; HEAT: Gas-fired forced hot water, 3 furnaces (6-8+/- years); UTILITIES: City water & sewer, separately metered gas & electric; LEGAL REF.: Essex South County 37236/3; PARCEL ID: 055-208-016; ZONING: R2