Address
62 Nahant Street, Lynn, MA
Price
$ 1,599,000
Property Attributes
- MLS#73173217
- TypeMulti-Family
- CountyESSEX
- CityLynn
- Zip01902
- Style5+ Family - Rooming House
- Year Built1893
- Taxes$ 10555
- Price$ 1,599,000
- Bedrooms13
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage4039
- Lot Size6,970 SqFt
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Sparkling Clean, Licensed Rooming/ Boarding house in Highly Desirable Diamond District, just a Few Blocks from the Beach! Income Producing all while in PRIME LOCATION! Great corner lot, 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 total). All rooms include closets and some are extra large potentially being able to add more beds for more income- buyer to verify. Scheduled showings of common areas only then others after offer acceptance* Pre-approval or proof of funds required prior to showings.
| Price History | |
|---|---|
| 10/23/2023 | Listed $1,599,000 |
General Features
| Interior Features | Laundry Room |
|---|---|
| Sewer | Public Sewer |
| Heating | Oil |
| Exterior Features | Rain Gutters,Professional Landscaping |
| Zoning | R2 |
| Garage Spaces | 1 |
| Patio/Porch Features | Porch |
| Exclusions | Personal Property In Apartments. |
| Year Built | 1893 |
| Electric | Circuit Breakers |
| Property SubType | 5+ Family - Rooming House |
| Tax Year | 2023 |
| Gross Income | 130296 |
| Waterfront Features | Beach Front,Ocean,Walk to,0 to 1/10 Mile To Beach,Beach Ownership(Public) |
| Community Features | Public Transportation,Shopping |
| County | Essex |
| Net Operating Income | 70663 |
| Property Type | Residential Income |
| Garage Y/N | Yes |
| Total Rooms | 15 |
| Status | Active |
| Directions | Lynn Shore Drive to Nahant Street. *Park on Baltimore st.* |
| City | Lynn |
| Disclosures | No common area kitchen *BUT CAN** be connected via the full 1 bed apartment. Roof apx 10 yrs,heating apx 5-buyer verify. Fireplace/covered not being used. room #4 & 12 include sinks. All tenants TAW. |
| Senior Community Y/N | No |
| Total Units | 13 |
| Lot Size Square Feet | 6950 |
| Waterfront Y/N | No |
| Street Name | Nahant Street |
| Year Built Details | Approximate |
| Tax Annual Amount | 10555 |
| Home Warranty Y/N | No |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 946600 |
| Total Actual Rent | 10858 |
| Compensation Based On | Net Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Hardwood |
| Total Fireplaces | 1 |
| Total Stories | 3 |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Full Baths | 3 |
| Half Baths | 1 |
| Total Bedrooms | 13 |
| Total Baths | 4 |
Exterior Features
| Parking Features | Paved |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Total Parking | 4 |
| Lot Size Area | 0.16 |
| Foundation Details | Stone,Brick/Mortar |
| Spa | No |
| Building Area Total | 4039 |
| Lot Size Acres | 0.16 |
| Lot Size Units | Acres |
| Covered Spaces | 1 |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01902
Price
Taxes
Visits
Year Built
Walkscore
Massachusetts MLS Property Info Network (MLSPIN) - The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and
