NEW PRICE IMPROVEMENT! The cleanest, Fully Licensed Rooming/ Boarding house you will find!! This property located in Highly Desirable Diamond District, just a Few Blocks from the Beach and access to transportation! SUPER EASY TO MANAGE- Income Producing all while in PRIME LOCATION! (Note: NOT A SOBER HOUSE) Great corner lot, extra large 2 car detached garage (rented separately for bonus income!!) and a full dry basement with high ceilings with tons of storage space. 13 current rental units (including a separate 1-bedroom apartment) and an office space that can potentially be another rentable room (14 rooms in total). All rooms vary in size and include closets, and some are extra large potentially being able to add more beds for more income- buyer to verify this and do due diligence. ALL TENANTS ARE AT WILL. Some pay per week- others pay per month. Pre-approval or proof of funds required prior to showings. Partial seller financing will be considered.

Property Details

Price:
$1,450,000
MLS #:
73173217
Status:
Active
Beds:
13
Baths:
3.5
Address:
62 Nahant Street
Type:
Multi Family
Subtype:
5+ Family – Rooming House
City:
Lynn
Listed Date:
Oct 23, 2023
State:
MA
Finished Sq Ft:
4,039
Total Sq Ft:
4,039
ZIP:
01902
Lot Size:
6,950 sqft / 0.16 acres (approx)
Year Built:
1893
Units:
13

Schools

Interior

Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Fireplaces Total
1
Flooring
Hardwood
Heating
Oil

Exterior

Community Features
Public Transportation, Shopping
Exterior Features
Rain Gutters, Professional Landscaping
Parking Features
Paved
Parking Spots
4

Financial

Net Operating Income
$70,663
Tax Year
2023
Taxes
$10,555

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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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62 Nahant Street
Lynn, MA