Immaculate 10 unit mixed use brick building. Newer roof, plumbing, electrical, central AC for all units.. Hard wired smoke and sprinkler system as well. Property consists of 5 commercial retail units on first level. Five 3 bed 1 bath apartments on 2nd and 3rd floors in excellent condition. Washer and dryer hookups in all apartments. Tenants pay all utilities. (BONUS ALERT, LAUNDROMAT ON FIRST FLOOR COMES WITH THE PROPERTY, ALL EQUIPMENT CONVEY WITH SALE). All tenants have leases. Commercial tenants have rate increases built in yearly. Absolutely no deferred maintenance, nothing to do but collect your rents and watch as they increase.

Property Details

Price:
$3,995,000
MLS #:
73293642
Status:
Active
Beds:
15
Baths:
5
Address:
219-229 Lewis St
Type:
Multi Family
Subtype:
5-9 Family
City:
Lynn
Listed Date:
Sep 23, 2024
State:
MA
Finished Sq Ft:
99,999
Total Sq Ft:
99,999
ZIP:
01902
Lot Size:
5,655 sqft / 0.13 acres (approx)
Year Built:
2010
Units:
10

Schools

Interior

Bathrooms
5 Full Bathrooms

Exterior

Community Features
Public Transportation, Shopping, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T- Station
Construction Materials
Frame
Roof
Rubber

Financial

Net Operating Income
$271,748
Tax Year
2024
Taxes
$21,000

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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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219-229 Lewis St
Lynn, MA