NEW & RENOVATED in 2024 & Solid CASH FLOW on Stabilized 9 Unit Building streets a few blocks off Swampscott and Kings Beach. Swampscott Commuter Rail and Central Square in Lynn each 4 min ride and 2 minute walk to bus stop. Chestnut Street is on bus line. Lots of conveniences including farmers market, restaurants, and local shops. Ingalls Elementary, Marshall Middle School and Fecteau-Leary Jr & Sr. High School nearby. Separate submeters, 23 Fenced Parking Spaces, unfinished Full Basement for potential upside. All new including: Sprinklered building, Navien H2o hots, natural gas hvacs, granite counters, laminate floors, mail & security Vestibule.

Property Details

Price:
$3,425,000
MLS #:
73312115
Status:
Active
Beds:
16
Baths:
12
Address:
207 Chestnut Street
Type:
Multi Family
Subtype:
5-9 Family
City:
Lynn
Listed Date:
Nov 13, 2024
State:
MA
Finished Sq Ft:
9,000
Total Sq Ft:
9,000
ZIP:
01902
Lot Size:
12,471 sqft / 0.29 acres (approx)
Year Built:
2024
Units:
9

Schools

Interior

Bathrooms
12 Full Bathrooms
Flooring
Vinyl

Exterior

Parking Features
Paved Drive
Parking Spots
23

Financial

Net Operating Income
$58,800
Tax Year
2024
Taxes
$19,721

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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.,…

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207 Chestnut Street
Lynn, MA