7-11 Broad Street

    Lynn, MA 01902
    • $1,549,000
    • STATUS: Active
    • MLS #: 72451754
    New
    $1,549,000
    • 16
      BEDS
    • 0.14
      ACRES
    • 8
      BATHS
    • 2
      1/2 BATHS
    • 10,684
      SQFT
    • $145
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1890
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Brian Dapice of The Mega Group.

    Description

    10-UNIT MIXED-USE INVESTMENT OPPORTUNITY located on Broad Street, near the Lynn commuter rail. 7-11 Broad Street boasts 10,684 +/- square feet of area, including two retail storefronts, featuring eight (8) two-bedroom apartments. The current rents in place are well below market value, creating the immediate ability to substantially increase income. All of the residential apartments are TAW. The basement, retail suites and common areas are all sprinklered. The roof is flat rubber and is in good condition and there are 5-6 parking spaces accessible by mutual right-of-way with the abutter. Seller has held this asset since 1992 so this is an opportunity with new management in place to be a strong producing asset for your portfolio.

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    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2019-02-16T23:46:55.497.
    www.refinderma.com/homes/91723003

    7-11 Broad Street Lynn, MA 01902

    • Price: $1,549,000
    • Status: Active
    • MLS #: 72451754
    16
    Beds
    8
    Baths
    2
    ½ Baths
    0.14
    Acres
    10,684
    SQFT
    $145
    $/SQFT
    1890
    Built
    Neighborhood:
    Other
    County:
    Essex
    Area:
    Other
    Property Description
    10-UNIT MIXED-USE INVESTMENT OPPORTUNITY located on Broad Street, near the Lynn commuter rail. 7-11 Broad Street boasts 10,684 +/- square feet of area, including two retail storefronts, featuring eight (8) two-bedroom apartments. The current rents in place are well below market value, creating the immediate ability to substantially increase income. All of the residential apartments are TAW. The basement, retail suites and common areas are all sprinklered. The roof is flat rubber and is in good condition and there are 5-6 parking spaces accessible by mutual right-of-way with the abutter. Seller has held this asset since 1992 so this is an opportunity with new management in place to be a strong producing asset for your portfolio.
    Exterior Features

    Beach Description OceanDirect Access Beach Ownership Public Beachfront Yes Construction Frame Exterior Other (See Remarks) Foundation Fieldstone Garage Spaces 0 Lot Description Paved DriveEasements Parking Features Off-Street Parking Spaces 6 Road Type Public Roof Material Other (See Remarks) Waterfront Flag No Waterview Flag No

    Interior Features

    Basement Yes Basement Features Full Bedrooms Unit1 0 Bedrooms Unit2 0 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Flooring Varies Per Unit Floors Unit1 0 Floors Unit2 0 Full Baths Unit1 0 Full Baths Unit2 0 Half Baths Unit1 0 Half Baths Unit2 0 Hot Water Natural Gas Levels 3 Levels Unit1 0 Levels Unit2 0 Rooms 0 Rooms Unit1 0 Rooms Unit2 0

    Property Features

    Apod Available No Assessments 862800.00 Disclosure No Electric Features Circuit BreakersIndividually Metered Lead Paint Unknown Lease Unit1 N Lease Unit2 N Lender Owned No Multifamily Type 5+ Family - 5+ Units Up/Down Rent Unit1 0 Rent Unit2 0 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2018 Taxes 13071.42 Utility Connections Varies Per Unit Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning Bd

    Listing information © 2019 MLS Property Information Network. All information is deemed reliable but should be independently verified.
    Listing provided courtesy of Brian Dapice of The Mega Group.


    The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2019-02-16T23:46:55.497.
     
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    Listing courtesy of Brian Dapice of The Mega Group.