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679-681 Western Ave

8 Unit Block of Flats £1,413,921 (£176,740/Unit) 4.75% Net Initial Yield Lynn, MA 01905

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Executive Summary

Perfect for 1031 exchange. Property on major bus route, easily rented, redevelopment potential, rents under market value.

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts Under Contract

Price	£1,413,921	Building Class	C
Price Per Unit	£176,740	Lot Size	0.41 AC
Sale Type	Investment	Building Size	14,727 SF
Net Initial Yield	4.75%	Average Occupancy	100%
No. Units	8	Number of Floors	3
Property Type	Residential	Year Built	1870
Property Subtype	Apartment Office Office Residential	Parking Ratio	1.76/1,000 SF
Apartment Style	Low Rise

Price	£1,413,921
Price Per Unit	£176,740
Sale Type	Investment
Net Initial Yield	4.75%
No. Units	8
Property Type	Residential
Property Subtype	Apartment Office Office Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.41 AC
Building Size	14,727 SF
Average Occupancy	100%
Number of Floors	3
Year Built	1870
Parking Ratio	1.76/1,000 SF

Unit Amenities

Heating
Kitchen

Refrigerator
Oven

Range

Tub/Shower

Site Amenities

24 Hour Access
Controlled Access

Fenced Lot
Tenant Controlled HVAC

Recycling
Smoke Free

Smoke Detector

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	8	-	-

1 of 1

Walk Score ®

Very Walkable (88)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	LYNN-000053-000263-000031	Total Assessment	£855,521 (2024)
Land Assessment	£448,359 (2024)	Annual Taxes	-£1 (£0.00/sf)
Improvements Assessment	£407,162 (2024)	Tax Year	2023