Sold
55 Broad St, Lynn, MA
Lynn · MA 01902
- $4,200,000
- Price
- 28
- Beds
- 18
- Baths
- 14226
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1974
Units:
18 Units
Lot size:
0.36 Acre Lot
Price per square foot:
$288 / Sq.Ft
Parking:
20 Off Street Spaces
About this home
55 Broad Street in Lynn, Massachusetts is a brick garden-style apartment building built in 1974 and consists of 18 units, 20 surface parking with on-site laundry facility. The property boasts an attractive unit-mix which consists of one (1) Studio, eleven (11) one-bedroom units and six (6) two-bedroom units. The total rentable square footage is 14,226 with a total gross square footage of 15,393 and situated on a tree lined corner lot of .36 acres (15,582 square feet). 55 Broad offers investors a strong rental history and the opportunity to bring undervalued rents to market through strategic renovations of the apartments. The current ownership has completed many capital improvements, such as replacement of high-efficient dual boilers and storage tank, varying unit renovations, parking lot retaining wall and repaving/striping, replacement of 75% of patio sliders and rear entrance stairs.
Neighborhood & Transit
Diamond District
55 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 0.18 mi
- Newburyport/Rockport Line
Price Insight
- Days on Market:
- 1063 days
- Listing Price:
- $4,100,000
- Price per Sq.Ft:
- $288
- Tax Assessment:
- $3,085,600 in 2023
- Taxes:
- $2,867 / Monthly
Home Facts
Interior Features
- Bedrooms
- 28
- Full Bathrooms
- 18
- Half Bathrooms
- 0
- Living Area
- 14,226 Sq.Ft
- Broker Disclosure about Living Area
- Total Gross Sqft: 15,393
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 14226
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers, 400 Amps
Exterior Features
- Lot Size
- 15,582 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 20 Parking Spaces
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
- Dan Pouladian
- Listing office
- North Shore Realty Advisors
- MLS PIN #
- 73185432
- Disclosure
- $33,168 total monthly income. .MLS limit is: $32,767. The property is available without an official asking price. The $4,100,000 is solely for guidance pricing. The Offering Memorandum is available upon request. Seller / Seller's agent makes no representation or warranties expressed or implied.
- Disclosure
- Total Gross Sqft: 15,393