207 Chestnut Street, Lynn, MA 01902
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$3,425,000
9 Unit
16 Beds
12 Baths
9000 SQFT
0.29 Acre

Property Description

NEW & RENOVATED in 2024 & Solid CASH FLOW on Stabilized 9 Unit Building streets a few blocks off Swampscott and Kings Beach. Swampscott Commuter Rail and Central Square in Lynn each 4 min ride and 2 minute walk to bus stop. Chestnut Street is on bus line. Lots of conveniences including farmers market, restaurants, and local shops. Ingalls Elementary, Marshall Middle School and Fecteau-Leary Jr & Sr. High School nearby. Separate submeters, 23 Fenced Parking Spaces, unfinished Full Basement for potential upside. All new including: Sprinklered building, Navien H2o hots, natural gas hvacs, granite counters, laminate floors, mail & security Vestibule.

Property Details tap to expand

Building Information

  • Total Units: 9
  • Total Floors: 6
  • Total Bedrooms: 16
  • Total Full Baths: 12
  • Basement Features: Full
  • Common Interior Features: Programmable Thermostat

Financial

  • APOD Available: No
  • Gross Operating Income: 58800
  • Net Operating Income: 58800

Utilities

  • Cooling Zones: 1
  • Electric Info: Other (See Remarks)
  • Energy Features: Insulated Windows, Prog. Thermostat
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 3

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 3

Construction

  • Year Built: 2024
  • Type: 5-9 Family
  • Foundation Info: Concrete Block, Poured Concrete
  • Flooring Type: Vinyl
  • Lead Paint: Certified Treated, None
  • Warranty: No

Other Information

  • MLS ID# 73312115
  • Last Updated: 11/17/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
11/17/2024Active$3,425,000$381MLSPIN
11/13/2024New$3,425,000$381MLSPIN
11/02/2024Active$3,425,000MLSPIN
10/29/2024New$3,425,000MLSPIN

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Seller's Representative: Patricia Graciano, Whitty Real Estate
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 2024-11-17 03:05:00