There are multiple listings for this address:
116-124A Central, Lynn, MA is a prime mixed-use property featuring 18 residential apartments and 3 retail spaces in a highly convenient downtown location, steps from public transportation. Located in an Opportunity Zone, this property offers significant investment advantages. Recent renovations include repointing the front masonry wall, full lead compliance, replacement of three main sewer lines, and complete renovations of 2 commercial spaces and 12 apartments. Additionally, the building features coin-operated laundry in the basement, adding extra income potential. This well-maintained property is a standout investment in the heart of Lynn.

Property Details

Price:
$5,289,000
MLS #:
73319695
Status:
Active
Beds:
0
Baths:
0
Address:
116-124A Central
Type:
Commercial
Subtype:
5+ Family – 5+ Units Up/Down
City:
Lynn
Listed Date:
Dec 13, 2024
State:
MA
Finished Sq Ft:
17,170
Total Sq Ft:
17,170
ZIP:
01901
Lot Size:
3,000 sqft / 0.07 acres (approx)
Year Built:
1873

Schools

Interior

Exterior

Financial

Net Operating Income
$352,110
Tax Year
2024
Taxes
$52,431

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James
116-124A Central
Lynn, MA
116-124A Central, Lynn, MA is a prime mixed-use property featuring 18 residential apartments and 3 retail spaces in a highly convenient downtown location, steps from public transportation. Located in an Opportunity Zone, this property offers significant investment advantages. Recent renovations include repointing the front masonry wall, full lead compliance, replacement of three main sewer lines, and complete renovations of 2 commercial spaces and 12 apartments. Additionally, the building features coin-operated laundry in the basement, adding extra income potential. This well-maintained property is a standout investment in the heart of Lynn.

Property Details

Price:
$5,289,000
MLS #:
73319745
Status:
Active
Beds:
18
Baths:
21
Address:
116-124A Central
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Lynn
Listed Date:
Dec 13, 2024
State:
MA
Finished Sq Ft:
17,120
Total Sq Ft:
17,170
ZIP:
01901
Lot Size:
4,109 sqft / 0.09 acres (approx)
Year Built:
1873
Units:
21

Schools

Interior

Exterior

Financial

Net Operating Income
$352,110
Tax Year
2024
Taxes
$52,431

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

More About James