219-229 Lewis St, Lynn, MA 01902
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$3,995,000
10 Unit
15 Beds
5 Baths
99999 SQFT
0.13 Acre

Property Description

Immaculate 10 unit mixed use brick building. Newer roof, plumbing, electrical, central AC for all units.. 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. (BONUS ALERT, LAUNDROMAT ON FIRST FLOOR COMES WITH THE PROPERTY, ALL EQUIPMENT CONVEY WITH SALE). 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.

Property Details tap to expand

Building Information

  • Total Units: 10
  • Total Floors: 4
  • Total Bedrooms: 15
  • Total Full Baths: 5
  • Amenities: Highway Access, House of Worship, Laundromat, Marina, Private School, Public School, Public Transportation, Shopping, T-Station

Financial

  • APOD Available: Yes
  • Gross Operating Income: 301608
  • Gross Expenses: 29860
  • Electric Expenses: 360
  • INSC: 8500
  • Net Operating Income: 271748

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 2010
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73293642
  • Last Updated: 09/28/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/27/2024Active$3,995,000$40MLSPIN
09/23/2024New$3,995,000$40MLSPIN

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Seller's Representative: Mark Krasnyansky, eXp Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-09-28 09:43:00