$365,000
170A, Lynn, MA 01904
Current Rent **
$2,700
Projected Rent **
N/A
Sluice Pond Colonial (Lynn, MA)
ARV: $430,000
Asking: $365,000*
Repairs: $ 15,000
=================
Profit: $ 50,000
*Negotiable
3 beds, 2 baths, updated kitchen with granite countertops, appliances and cabinets. Central Air: heat and cooling. Gas stove. Hardwood floors throughout. Great light, gutter guards installed in 2016, heated tile floor in basement and new electrical panel installed in 2017. Neighbors are wonderful and the holiday parade goes right by the mouth to the street. Comes with small motor boat. The view from this property is amazing.
About Repairs
Electrical: connect heated floors (switches never connected), replace 1 room fan, add lighting in living room, upgrade electrical outlet on porch to GFCI.
Handyman: minor dock repairs, new (inside) stair railing, new deck (from basement), change locks.
Roof: new shingles on 2 smaller roofs.
Cosmetic: small repairs to siding, wallpaper removal, paint and replace carpet in 2 small rooms, landscaping.
Miscellaneous:
There is a tenant inside. Please do not to disturb the family. Please watch the video in the meantime.
ARV was determined by: CMAs by 3 realtors, inventory is low, this house has its own dock on Sluice Pond. 3 similar houses on the water have sold for that price since August.
Video: https://www.dropbox.com/s/31ngjmlh7fra9xw/170aJenness.mp4?dl=0
Location:
170A, Lynn, MA 01904
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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