Lynn (01904)
$4,000,000
43 
16
17,688
PROPERTY DETAILS
| Address: |
view address Lynn, MA 01904 Map Location |
Features: | Basement, Multi-level |
|---|---|---|---|
| Bedrooms: | 43 | Bathrooms: | 16 (full: 16) |
| Square Feet: | 17,688 sq.ft. | Lot Size: | 5662.0 |
| Property Type: | Multi Family | County: | Essex |
| Listing Number: | 73173826 | Listed By: | Horvath & Tremblay |
PROPERTY DESCRIPTION
Listed at a 7.28% Cap Rate on current income, the asset is a four-story brick building contains sixteen (16) units comprised of eleven (11), 3-Bedroom/1-Bathroom units and five (5), 2-Bedroom/1-Bathroom units with 17,688 square feet of living area on a 0.13-acre corner parcel of land. The Property is well-located at the intersection of Western Avenue and Franklin Street and is 0.1-miles from Stop & Shop. The Property is situated along the edge of Downtown Lynn and is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Central Square, BayRidge Hospital, and North Shore Community College. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market. The option exists to potentially assume the existing debt at 4.04% interest rate.
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Interior
Room Information
| Basement: | Yes | Basement features: | Unfinished |
Cooling & Heating
| Heating features: | Natural Gas | Heating: | Yes |
Exterior
Exterior and Lot
| Lot features: | Corner Lot | Foundation details: | Other |
| Roof: | Rubber |
Property and Lot Details
Other
| Sewer: | Public Sewer |
Fee
| Annual Tax: | 38531 |
Building Information
| Year Built: | 1910 | Stories: | 4 |
Lot
| Lot Dimensions: | 5662.0 |
Construction
| Building Area total: | 17688.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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