7-17 Union, Lynn, MA 01902
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$4,290,000
20 Unit
24 Beds
198 Baths
9999 SQFT
0.07 Acre

Property Description

1-17 Union Street, Lynn, MA offers two updated mixed-use properties on the same lot, with 12 apartments and 8 retail storefronts. The brick building was fully renovated in 2021, and the second property received a new roof, siding, windows, and gutters in 2024. This well-maintained asset combines modern updates with excellent rental income potential in a prime location.

Property Details tap to expand

Building Information

  • Total Units: 20
  • Total Floors: 3
  • Total Bedrooms: 24
  • Total Full Baths: 99
  • Total Half Baths: 99

Financial

  • APOD Available: Yes
  • Gross Operating Income: 404244
  • Gross Expenses: 113844
  • Net Operating Income: 290400

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: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Foundation Info: Concrete Block
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73319767
  • Last Updated: 12/17/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/17/2024Active$4,290,000$429MLSPIN
12/17/2024Active$4,290,000MLSPIN
12/13/2024New$4,290,000$429MLSPIN
12/13/2024New$4,290,000MLSPIN

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Seller's Representative: Oleg Elisev, Greenville Real Estate Group, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 2
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-17 03:05:00