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$3,200,000
Est. payment /mo
22 Beds
12 Baths
13,810 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 13,810 sqft
Price per Sqft $231
MLS Listing ID 73319791
Bedrooms 22
Full Baths 12
Year Built 1910
Annual Tax Amount $30,185
Tax Year 2024
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
505 Chatham Street, Lynn, MA is a solid investment opportunity featuring a 12-unit brick building on a large lot with 12 parking spaces. The apartments consist mostly of spacious 2-bedroom units, with a couple of 1-bedroom units, all fully deleaded. Many windows have been recently replaced, and the property includes coin-operated laundry in the basement, adding extra income potential. This well-maintained property offers strong rental income and excellent cash flow, making it a standout in Lynn's rental market.
Location
State MA
County Essex
Zoning R4
Direction Google please
Exterior
Total Parking Spaces 12
Garage No
Building
Lot Description Level
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Greenville Real Estate Group, Inc.
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Victoria Malatesta
Sales Associate | License ID: 9584497
Sales Associate License ID: 9584497