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$3,300,000
Est. payment /mo
12 Beds
12 Baths
10,224 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 10,224 sqft
Price per Sqft $322
MLS Listing ID 73561330
Bedrooms 12
Full Baths 12
Year Built 1905
Annual Tax Amount $24,526
Tax Year 2025
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Exceptional value-add investment opportunity in the heart of Lynn! This well-maintained 12-unit apartment building features twelve 1-bedroom, 1-bath units across three stories, offering an ideal addition to any investment portfolio. Four units have been tastefully renovated, providing immediate upside while leaving significant potential to further increase value through additional unit improvements. Ownership has completed significant capital improvements throughout the property over the past decade, including upgrades to unit interiors, building systems, and common areas, reflecting a strong history of investment and pride of ownership. Recent common area updates, including beautifully refinished and varnished hardwood floors and staircases, further enhance the property's appeal. Conveniently located near public transportation, shopping, dining, schools, and other everyday amenities, the property offers excellent accessibility for tenants. A rare opportunity to acquire a stabilized asset with substantial long-term income and appreciation potential in the growing Lynn market.
Location
State MA
County Essex
Zoning R4
Direction Western Ave to Harwood Street
Rooms
Basement Unfinished
Interior
Flooring Wood, Tile, Vinyl
Exterior
Community Features Public Transportation, Shopping, Park, Public School
Roof Type Rubber
Total Parking Spaces 6
Garage No
Building
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Lamacchia Realty, Inc.
NEARBY SCHOOL & BUSINESS