Open House Oct 18, 2024
11:00 – 01:00
Investors take notice of this great opportunity. 15 Huss Court located in Lynn is available for immediate acquisition. This asset has been well maintained during the current ownership with many recent improvements and a strong rent roll representing a 6.5% cap rate on current rents. The subject property is an attractive red brick and consists of 21 units with a breakdown of fifteen (15) one-bedroom units and six (6) two-bedroom units and on-site laundry facilities. The total gross square footage is 23,585± with rentable square footage of 17,484± and situated on a 10,420 square foot lot. The property is ideally located close to multiple bus routes and thoroughfares into Boston.

Property Details

Price:
$5,200,000
MLS #:
73300419
Status:
Active
Beds:
27
Baths:
21
Address:
15 Huss Ct
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Lynn
Listed Date:
Oct 9, 2024
State:
MA
Finished Sq Ft:
17,484
Total Sq Ft:
17,484
ZIP:
01905
Lot Size:
10,420 sqft / 0.24 acres (approx)
Year Built:
1923
Units:
21

Schools

Interior

Bathrooms
21 Full Bathrooms
Flooring
Wood, Tile, Vinyl

Exterior

Community Features
Public Transportation, Shopping, Park, Conservation Area, Highway Access, Public School
Construction Materials
Frame, Stone

Financial

Net Operating Income
$338,020
Tax Year
2024
Taxes
$45,226

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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
15 Huss Ct
Lynn, MA