303 Broadway, Lynn MA 01904
About this home
303 Broadway is a three-story brick building containing 17 units comprised of (12) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. The Property also features storage in the basement for tenants, an on-site laundry facility, and parking for 17 vehicles. The Property is separately metered for electricity and gas fired heat (hot water baseboard) which the tenants pay, the Landlord pays for common area electric, hot water, and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
Property Overview
Sale Statistics
This property sold for 5.0% below the original asking price.
With only 14 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Home Facts
Interior
Exterior
Parking
Utilities
Financial
Location
Neighborhood
303 Broadway, Lynn MA 01904
Lynn, MA 01904
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Oct 28, 2024Listed for Sale
Jul 25, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/28/2024 | ✓ Sold | $3,800,000 | - | - | Property sold |
| 07/25/2024 | 🏠 Listed for Sale | $4,000,000 | - | - | Original listing |