Off Market

9 Needhams Lndg Rd, Lynn, MA

Lynn · MA 01905

$12,200,000
Price
52
Beds
42
Baths
27840
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 2015
Units: 42 Units
Lot size: 0.88 Acre Lot
Price per square foot: $438 / Sq.Ft
Parking: 84 Off Street Spaces

About this home

One of a kind investment opportunity with 42 waterfront high end units. An easy commute to Boston, close to schools, The Encore Boston Harbor Casino, and the GE plant. These units are beautifully done with bamboo flooring, granite countertops, stainless steel appliances, custom cabinetry, air conditioning, and sliders leading to private balconies overlooking the water. There are a total of 16 Studios, 13 one bedroom, and 13 two Bedroom units with potential for a clubhouse or another 3 bedroom cottage. Strong rental history. The building itself has solar that powers the parking lot lighting, building halls, elevator, and complex lights. Plenty of off-street parking in this quiet part of town. Steps away from Little River and close to Nahant beach. These truly are residences for a modern lifestyle. There is a GOVT loan on the property that can be assumed at 3.99% fixed for 28 more years , Non Recourse , aprx bal $6.5mm and assumable as well.

Neighborhood & Transit

9 Needhams Lndg Rd, Lynn · MA 01905

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:
671 days
Listing Price:
$12,200,000
Price per Sq.Ft:
$438
Tax Assessment:
$11,407,600 in 2023
Taxes:
$10,600 / Monthly

Home Facts

Interior Features

Bedrooms
52
Full Bathrooms
42
Half Bathrooms
0
Living Area
27,840 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
27840
Flooring
Unknown
Lead paint
None

Utilities

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

Exterior Features

Lot Size
38,322 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
0 Parking Spaces
Off Street Parking
84 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Vinyl
Roof
Unknown

Green Features

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

Listing information

Listing agent
AJ Pappas
Listing office
eXp Realty LLC
MLS PIN #
73322222