One of a kind investment opportunity with 42 waterfront high end units. An easy commute to Boston, close to schools, The Encore Boston Harbor Casino, and the GE plant. These units are beautifully done with bamboo flooring, granite countertops, stainless steel appliances, custom cabinetry, air conditioning, and sliders leading to private balconies overlooking the water. There are a total of 16 Studios, 13 one bedroom, and 13 two Bedroom units with potential for a clubhouse or another 3 bedroom cottage. Strong rental history. The building itself has solar that powers the parking lot lighting, building halls, elevator, and complex lights. Plenty of off-street parking in this quiet part of town. Steps away from Little River and close to Nahant beach. These truly are residences for a modern lifestyle. There is a GOVT loan on the property that can be assumed at 3.99% fixed for 28 more years , Non Recourse , aprx bal $6.5mm and assumable as well.
Property Details
Price:
$12,200,000
MLS #:
73322222
Status:
Active
Beds:
52
Baths:
42
Address:
9 Needhams Landing
Type:
Multi Family
Subtype:
5-9 Family
City:
Lynn
Listed Date:
Jan 1, 2025
State:
MA
Finished Sq Ft:
27,840
Total Sq Ft:
27,840
ZIP:
01905
Lot Size:
38,322 sqft / 0.88 acres (approx)
Year Built:
2015
Units:
42
Schools
Interior
Bathrooms
42 Full Bathrooms
Flooring
Bamboo
Exterior
Community Features
Public Transportation, Park, Medical Facility, Laundromat
Construction Materials
Frame
Parking Features
Paved Drive, Off Street
Parking Spots
84
Roof
Shingle
Financial
Tax Year
2023
Taxes
$127,195
Map
Contact Us
Mortgage Calculator
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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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9 Needhams Landing
Lynn, MA
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