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Nate Rock

nate.rock@engelvoelkers.com +1(617) 459-6656

$ 4,000,000

Est. payment -/mo

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Pending

303 Broadway Lynn, MA 01904

29 Beds

17 Baths

12,528 SqFt

UPDATED:

08/09/2024 01:40 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 12,528 sqft

Price per Sqft $319

MLS Listing ID 73269528

Bedrooms 29

Full Baths 17

Year Built 1970

Annual Tax Amount $34,602

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Property Description

303 Broadway is a three-story brick building containing 17 units comprised of (12) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. The Property also features storage in the basement for tenants, an on-site laundry facility, and parking for 17 vehicles. The Property is separately metered for electricity and gas fired heat (hot water baseboard) which the tenants pay, the Landlord pays for common area electric, hot water, and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.

Location

State MA

County Essex

Zoning BD

Direction Please use GPS

Exterior

Community Features Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School

Waterfront false

Roof Type Shingle

Parking Type Paved Drive, Off Street, Assigned

Total Parking Spaces 17

Garage No

Building

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay

Nate Rock

Broker Associate | License ID: cn226013

+1(617) 459-6656

Nate Rock

303 Broadway Lynn, MA 01904

Key Details

Location

Exterior

Building

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303 Broadway