BEDS33
BATHS26 full
SQUARE FEET17,407
MLS#73500404
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
We are pleased to present a rare opportunity to acquire 145 Lewis Street, a 25-unit multifamily asset located in the highly desirable Diamond District of Lynn, MA. Held by the same ownership for more than 25 years and fully rebuilt in 2015. The property offers investors a 6.8% CAP rate on current income on this 10-year-young asset with strong in-place rents and ability to improve for future growth and no capital improvements needed to achieve returns. The building consists of twenty-five (25) thoughtfully designed floor plans, including eighteen (18) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom/two-bathroom unit. This desirable unit-mix along with amenities such as laundry facilities and on-site storage create long term revenue stream and tenant retention.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Finished
Lot Size: 0.19 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $64,629
Year Built: 2015
Amenities
Rain Gutters
Professional Landscaping
Decorative Lighting
Feature Descriptions
Building Area Total: 17407
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Public School, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 6
Door Features: Insulated Doors
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: 220 Volts, Circuit Breakers, Other (See Remarks)
Exterior: Frame
Flooring: Tile, Vinyl, Laminate, Wood
Lot Features: Corner Lot
Open Parking Y/N: Yes
Parcel Number: M:094 B:521 L:034,2000221
Parking Total: 0
Rooms Total: 83
Sewer: Public Sewer
Units: 25
Utilities: for Electric Range, for Electric Oven
Water: Public
Waterfront Features: Ocean,0 to 1/10 Mile To Beach, Beach Ownership(Public)
Window Features: Insulated Windows
Listed By / Shown By
Listed By
Agency Name: North Shore Realty Advisors
Agency Phone: 617-548-7737
Agent Name: Dan Pouladian
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 21,118.46 per month $13,909.79 Principal & Interest $5,385.75 Property Tax $1,822.92 Homeowner's Insurance
145 Lewis St | MLS# 73500404
This multi-family property located at 145 Lewis St, Lynn, MA 01902 is currently listed for sale with an asking price of $6,250,000. Search Lynn real estate on www.masiellogrouprealestate.com today.