Brought to you by: Lillian LoGrasso - RE/MAX Advantage
224 Washington Street
Gloucester, MA 01930

Phone: (978) 479-2250 Fax: (978) 865-1165
Website: www.LillianLoGrasso.com
Email: lillianlograsso@remax.net
 

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27 Ingalls St
Lynn, MA. 01902

Essex County
Directions: Ingalls Street Runs Between Chatham And Jackson Streets, Near The
Intersection With Essex Street.

MLS # 72120987 - Sold
Multi-Family 5-9 Family   Blue

List Price $725,000 Days on Market  
List Date   # Units 6
Sale Price $730,000 # Floors  
Sold Date 4/28/17 Rooms 22
Assessed Value $491,400 Bedrooms 14
Gross Living Area 5,805SF Full Baths 6
Lot Size 3,310SF Half Baths 0
Taxes $7,665.84 Fireplaces  
Tax Year 2017 Basement Yes
Zoning R1 Waterfront No
Est. Street Front   Beach Nearby Yes
Year Built 1925 Parking Spaces 0
    Garage Spaces 0
Remarks:
Rare investment opportunity to own and operate a Six-family residence consisting of four 2-bedroom and two-3 bedroom, de-leaded apartments. Five units are now rented with upside rental potential and TAW tenants. Separate heat, hot water and electrical systems, newer roof.
Features
Amenities   Public
   Transportation,
   Shopping, Park, Golf
   Course, Medical
   Facility, Highway
   Access, House of
   Worship, Marina,
   Private School, Public
   School, T-Station,
   University
Basement   Full
Beach   1 to 2 Mile mi.,
   Ocean (Public)
Construction   Frame
Electricity   Circuit
   Breakers, 60 Amps/Less
Energy   Insulated Windows
Exterior   Asbestos
Flooring   Wood, Tile,
   Vinyl, Wall to Wall
   Carpet
Foundation   Fieldstone,
   Brick
Heating Zones   6
Hot Water   Natural Gas
Lead Paint   Certified
   Treated
Lot   Paved Drive
Parking   Off-Street,
   Paved Driveway
Road   Public
Roof   Tar & Gravel
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Gas Range
Units
Unit 1 Appliances: Range, Refrigerator; Bedrooms: 2; Full Baths: 1; Heating: Forced Air, Gas,
     Individual; Lease: No; Levels: 1; Rent: 1000; Rent Includes: None; Rooms: 4; Rooms Desc.: Living
     Room, Kitchen
Unit 2 Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 1; Full Baths: 1; Heating: Forced Air, Gas,
     Individual; Lease: No; Levels: 1; Rent: 1100; Rent Includes: None; Rooms: 4; Rooms Desc.: Living
     Room, Kitchen
Unit 3 Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 2; Full Baths: 1; Heating: Forced Air, Gas;
     Lease: No; Levels: 1; Rent: 1000; Rent Includes: None; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 4 Appliances: Range, Refrigerator; Bedrooms: 3; Floor: 2; Full Baths: 1; Heating: Forced Air, Gas;
     Lease: No; Levels: 1; Rent: 1250; Rent Includes: None; Rooms: 5; Rooms Desc.: Living Room, Kitchen
Financial Info
Expenses Source   Owner
   Provided
Expenses Year End   12/16
Gross Expenses   $14,725
Gross Oper. Income  
   $76,800
Insurance   $3,000
Net Oper. Income   $61,334
Water   $4,800
Additional Information
APOD Available?   Yes
Anticipated Sale Date  
   04/28/2017
Deed   Book: 18415, Page:
   424
Disclosures   5 gas, FHA
   heating systems and one
   FHA by oil unit 3L. 6
   Separate HW tanks by gas.
Foreclosure   No
GLA Source   Public Record
Off Market Date   4/16/17
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 4/30/17 2:44pm

Courtesy: MLSPIN

Listing Office: RE/MAX Advantage Real Estate Listing Agent: Kathleen Sullivan


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