Wonderful opportunity to own a two-family home in Lynn; perfect for owner occupancy or investment! Cap Rate 7.04%, 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. Don't miss it! Please allow 24 hours for offer review.
Sold for $695,900 on 02/24/25
$695,900
54 Rockaway Pl, Lynn, MA 01902
4beds
1,440sqft
2 Family - 2 Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$483/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: February 25, 2025 at 01:55pm
Listed by:
Paul Brouillette,
LAER Realty Partners
Bought with:
Thomas McKenna
eXp Realty
Source: MLS PIN,MLS#: 73321833
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Natural Gas, Ductless
Cooling
- Ductless
Features
- Living Room, Kitchen
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,440
- Total interior livable area: 1,440 sqft
Property
Parking
- Total spaces: 8
- Parking features: Paved Drive, Off Street
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch, Deck
- Waterfront features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Lot
- Size: 4,902 sqft
Details
- Parcel number: M:083 B:663 L:023
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 Family - 2 Units Up/Down
Materials
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Public Transportation, Park, Highway Access, Public School
Location
- Region: Lynn
HOA & financial
Other financial information
- Total actual rent: 5000
Other
Other facts
- Listing terms: Contract