Sold

43657 Broad St Unit 0, Lynn, MA

Lynn · MA 01902

$1,500,000
Price
16
Beds
9
Baths
10684
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1890
Units: 10 Units
Lot size: 6,130 Sq.Ft Lot
Price per square foot: $145 / Sq.Ft
Parking: 6 Off Street Spaces

About this home

10-UNIT MIXED-USE INVESTMENT OPPORTUNITY located on Broad Street, near the Lynn commuter rail. 7-11 Broad Street boasts 10,684 +/- square feet of area, including two retail storefronts, featuring eight (8) two-bedroom apartments. The current rents in place are well below market value, creating the immediate ability to substantially increase income. All of the residential apartments are TAW. The basement, retail suites and common areas are all sprinklered. The roof is flat rubber and is in good condition and there are 5-6 parking spaces accessible by mutual right-of-way with the abutter. Seller has held this asset since 1992 so this is an opportunity with new management in place to be a strong producing asset for your portfolio.

Neighborhood & Transit

43657 Broad St, Lynn · MA 01902

Nearby transit

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

  • Lynn Interim Commuter Rail 1 route 0.21 mi
    • Newburyport/Rockport Line

Price Insight

Days on Market:
2596 days
Listing Price:
$1,549,000
Price per Sq.Ft:
$145
Tax Assessment:
$862,800 in 2018
Taxes:
$1,089 / Monthly

Home Facts

Interior Features

Bedrooms
16
Full Bathrooms
8
Half Bathrooms
2
Living Area
10,684 Sq.Ft
Broker Disclosure about Living Area
0
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

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

Exterior Features

Lot Size
6,130 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
6 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

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

Listing information

Listing agent
Brian DApice
Listing office
The Mega Group
MLS PIN #
72451754