Lynn MA Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 18
- Lot size:
- 0.09 Acres
- Year built:
- 1920
- Baths:
- 21.00
- MLS#:
- 73319745
ADDITIONAL INFORMATION
116-124A Central, Lynn, MA is a prime mixed-use property featuring 18 residential apartments and 3 retail spaces in a highly convenient downtown location, steps from public transportation. Located in an Opportunity Zone, this property offers significant investment advantages. Recent renovations include repointing the front masonry wall, full lead compliance, replacement of three main sewer lines, and complete renovations of 2 commercial spaces and 12 apartments. Additionally, the building features coin-operated laundry in the basement, adding extra income potential. This well-maintained property is a standout investment in the heart of Lynn.
$5,200,000
148 Liberty Unit 148 Lynn, MA 01901
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 31
- Lot size:
- 0.11 Acres
- Year built:
- 1943
- Baths:
- 24.00
- MLS#:
- 73317676
ADDITIONAL INFORMATION
148 Liberty Street located in downtown Lynn is a handsome brick 4-story elevator apartment building consisting of twenty-four (24) residential units. The asset offers an attractive unit mix of seven (7) two-bedroom units, and seventeen (17) one-bedroom units with recently renovated common areas. The offering presents a strong value-add opportunity for investors as rents are currently below market within an urban densely populated area. The property is surrounded by many amenities, restaurants, commuting routes into Boston, and public transportation. Tenants are responsible for their own separately metered utilities such as heat, hot water, and electric making this an ideal investment. The property has undergone a number of capital improvements such as common area lighting, flooring, painting, masonry pointing, hot water tank replacements.
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Lynn Real Estate
The median home value in Lynn, MA is $478,900. This is lower than the county median home value of $572,900. The national median home value is $338,100. The average price of homes sold in Lynn, MA is $478,900. Approximately 46.33% of Lynn homes are owned, compared to 50.09% rented, while 3.58% are vacant. Lynn real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lynn real estate agent to arrange a tour today!
Lynn, Massachusetts 01901 has a population of 100,233. Lynn 01901 is less family-centric than the surrounding county with 25.98% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Lynn, Massachusetts 01901 is $63,922. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Lynn 01901 is 36.3 years.
Lynn Weather
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 19 degrees. The average rainfall is approximately 47.7 inches per year, with 41.8 inches of snow per year.