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Nate Rock

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

$ 4,900,000

Est. payment -/mo

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Pending

119 Lewis St Lynn, MA 01902

24 Beds

24 Baths

12,765 SqFt

UPDATED:

09/21/2024 02:46 PM

Key Details

Property Type Multi-Family

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

Listing Status Pending

Purchase Type For Sale

Square Footage 12,765 sqft

Price per Sqft $383

MLS Listing ID 73279413

Bedrooms 24

Full Baths 24

Year Built 1911

Annual Tax Amount $46,730

Tax Year 2024

Lot Size 0.290 Acres

Acres 0.29

Property Description

Listed at a 6.99% cap rate on current income, 119 Lewis St is a three-story brick building and contains twenty-four total units, consisting of twenty-one 1-Bedroom/1-Bathroom units and three two-room Studio units. Over the last several years, the current ownership has renovated hallways and common areas, and installed a new rubber roof and new windows. Each unit is separately metered for electricity, which the tenants pay directly. There is a coin-op laundry room on-site for tenants. 119 Lewis Street is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square.

Location

State MA

County Essex

Zoning BD

Direction Please use GPS

Exterior

Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Waterfront false

Waterfront Description Beach Front,1/2 to 1 Mile To Beach

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot

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

119 Lewis St Lynn, MA 01902

Key Details

Location

Exterior

Building

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119 Lewis St