229 Lewis St, Lynn MA 01902
Lynn, MA 01902
$3,900,000
Est. $20,757/month
About this home
~~~~ High Return Ratio ~~~ 10 unit mixed use brick building built from ground up in 2010. Newer roof, newer plumbing, newer electrical, central AC all commercial grade. 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. 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. See attached Lease Summary.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
2010
Bedrooms
15
Full Bathrooms
10
Living Area
12,500 sq ft
Total Rooms
25
Stories
6
Levels
6
Interior Features
Has Fireplace
No
Exterior & Structure
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.13 acres
Lot Size
5,655 sq ft
Lot Size Area
0.1300
Lot Features
Corner Lot
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Shopping
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$17,946
Tax Year
2024
Tax Assessed Value
$1,704,300
Parcel Number
M:093 B:519 L:026
Zoning
BD
Additional Details
Year Built Source
Public Records
Year Built Details
Actual,Approximate
Disclosures
Seller is the owner of Laundromat. Business and equipment convey with the sale. After all expenses paid, roughly 5k $ profit per month. This is expressed in total NOI. Seller's agent make no representation. Buyer/ Buyer agent to do their own due diligence for all accurate info prior to contract.
Location
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Neighborhood
229 Lewis St, Lynn MA 01902
Lynn, MA 01902
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
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Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$1,496
Homeowners Insurance
$200
PMI
$0
Property History
Property Timeline
Listed for Sale
Jan 15, 2025
$3,900,000
Original listing
Agent: Rebecca Huang
Office: East West Real Estate, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/15/2025 | 🏠 Listed for Sale | $3,900,000 | - | - | Original listing |