9 Needhams Landing, Lynn, MA 01905
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$12,200,000
42 Unit
52 Beds
42 Baths
27840 SQFT
0.88 Acre

Property Description

One of a kind investment opportunity with 42 waterfront high end units. An easy commute to Boston, close to schools, The Encore Boston Harbor Casino, and the GE plant. These units are beautifully done with bamboo flooring, granite countertops, stainless steel appliances, custom cabinetry, air conditioning, and sliders leading to private balconies overlooking the water. There are a total of 16 Studios, 13 one bedroom, and 13 two Bedroom units with potential for a clubhouse or another 3 bedroom cottage. Strong rental history. The building itself has solar that powers the parking lot lighting, building halls, elevator, and complex lights. Plenty of off-street parking in this quiet part of town. Steps away from Little River and close to Nahant beach. These truly are residences for a modern lifestyle. There is a GOVT loan on the property that can be assumed at 3.99% fixed for 28 more years , Non Recourse , aprx bal $6.5mm and assumable as well.

Property Details tap to expand

Building Information

  • Total Units: 42
  • Total Floors: 4
  • Total Bedrooms: 52
  • Total Full Baths: 42
  • Amenities: Laundromat, Medical Facility, Park, Public Transportation

Financial

  • APOD Available: No

Utilities

  • Energy Features: Insulated Doors
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

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

Unit 2 Description

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

Construction

  • Year Built: 2015
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Poured Concrete
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Bamboo
  • Lead Paint: None
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73322222
  • Last Updated: 01/05/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
01/05/2025Active$12,200,000$438MLSPIN
01/01/2025New$12,200,000$438MLSPIN
03/16/2024Expired$12,200,000$438MLSPIN
03/16/2024Expired$12,200,000$438MLSPIN
12/31/2023Active$12,200,000$438MLSPIN
12/31/2023Active$12,200,000$438MLSPIN
12/27/2023Price Change$12,200,000$438MLSPIN
12/27/2023Price Change$12,200,000$438MLSPIN
10/13/2023Active$12,900,000$463MLSPIN
10/13/2023Active$12,900,000$463MLSPIN
10/09/2023New$12,900,000$463MLSPIN
10/09/2023New$12,900,000$463MLSPIN

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Seller's Representative: AJ Pappas, 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 2025-01-05 03:05:00