Sold

119 Lewis St, Lynn, MA

Lynn · MA 01902

$4,800,000
Price
24
Beds
24
Baths
12765
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1911
Units: 24 Units
Lot size: 0.29 Acre Lot
Price per square foot: $384 / Sq.Ft
Parking: No Parking

About this home

Listed at a 6.99% cap rate on current income, 119 Lewis St is a three-story brick building and contains twenty-four total units, consisting of twenty-one 1-Bedroom/1-Bathroom units and three two-room Studio units. Over the last several years, the current ownership has renovated hallways and common areas, and installed a new rubber roof and new windows. Each unit is separately metered for electricity, which the tenants pay directly. There is a coin-op laundry room on-site for tenants. 119 Lewis Street is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn?s Central Square.

Neighborhood & Transit

119 Lewis St, Lynn · MA 01902

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
807 days
Listing Price:
$4,900,000
Price per Sq.Ft:
$384
Tax Assessment:
$4,437,800 in 2024
Taxes:
$3,894 / Monthly

Home Facts

Interior Features

Bedrooms
24
Full Bathrooms
24
Half Bathrooms
0
Living Area
12,765 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
12765
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
Individually Metered

Exterior Features

Lot Size
12,632 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
None

Construction Details

Construction Type
Unknown
Siding
Brick
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Stephen Girolamo
Listing office
Horvath & Tremblay
MLS PIN #
73279413
Disclosure
Total Monthly Rent is $42,250. $32,767 is the maximum input allowed by MLS.