SQUARE FEET6,044
MLS#73550879
STATUSActive
PROPERTY TYPECommercial - Investment
Property Description
62 Nahant St. located in Lynns Diamond District is a licensed rooming/lodging house with an active license for 12 SRO. This license could be expanded to 16 SRO through the proper channels. 62 Nahant St. is located on a visible corner lot with off-street parking with close proximity to the beach, downtown and major public transportation. The building is good condition and would be ideal for a non-profit organization to purchase and modify the building for transitional housing programs. The building has a large dry basement which allows for ample storage of tenant or owner property and the garage could be utilized for additional storage. Recent improvement to the building includes a new spiral staircase for egress from the 2nd and 3rd floor. The tenants are all TAW and pay weekly or monthly depending on their in place agreements with ownership. Ownership is willing to seller finance the sale of the property. Terms to be negotiated.
Property Features
Property Type: Commercial - Investment
Lot Size: 0.16 Acres
Roof Type: Rubber
Taxes: $11,844
Year Built: 1893
Feature Descriptions
Building Area Total: 6044
Business Type: 5+ Residential
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: 4
Parcel Number: 2002110
Rental Term: Monthly
Utilities: Public Water, Public Sewer
Listed By / Shown By
Listed By
Agency Name: The Drumlin Group Inc.
Agent Name: Jacob VanMeter
Agency Phone: 978-741-3696
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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62 Nahant St. | MLS# 73550879
This commercial property located at 62 Nahant St., Lynn, MA 01901 is currently listed for sale with an asking price of $1,300,000. Search Lynn real estate on www.masiellogrouprealestate.com today.