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You are here:
Home Massachusetts Lynn Multi-Family Homes for Sale

62 Nahant Street Lynn, MA 01902

425 Days on Boston Pads
Price Reduced $149,000
10 Photos
$1,450,000
13 Unit
13 Beds
4 Baths
4039 SQFT
0.16 Acre
62 Nahant Street
Lynn, MA 01902

Property Description

NEW PRICE IMPROVEMENT! The cleanest, Fully Licensed Rooming/ Boarding house you will find!! This property located in Highly Desirable Diamond District, just a Few Blocks from the Beach and access to transportation! SUPER EASY TO MANAGE- Income Producing all while in PRIME LOCATION! (Note: NOT A SOBER HOUSE) Great corner lot, extra large 2 car detached garage (rented separately for bonus income!!) and a full dry basement with high ceilings with tons of storage space. 13 current rental units (including a separate 1-bedroom apartment) and an office space that can potentially be another rentable room (14 rooms in total). All rooms vary in size and include closets, and some are extra large potentially being able to add more beds for more income- buyer to verify this and do due diligence. ALL TENANTS ARE AT WILL. Some pay per week- others pay per month. Pre-approval or proof of funds required prior to showings. Partial seller financing will be considered.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 13
  • Total Floors: 3
  • Total Bedrooms: 13
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Total Fireplaces: 1
  • Amenities: Public Transportation, Shopping
  • Basement Features: Full
  • Common Heating: Electric Baseboard, Oil, Radiant

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 130296
  • Net Operating Income: 70663

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: No

Unit 4 Description

  • Under Lease: No

Construction

  • Year Built: 1893
  • Type: 5+ Family - Rooming House
  • Foundation Info: Brick, Fieldstone
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73173217
  • Last Updated: 11/01/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
10/12/2024Active$1,450,000$359MLSPIN
10/08/2024Price Change$1,450,000$359MLSPIN
09/29/2024Active$1,599,000$396MLSPIN
09/25/2024Extended$1,599,000$396MLSPIN
05/05/2024Active$1,599,000$396MLSPIN
05/01/2024Extended$1,599,000$396MLSPIN
02/04/2024Active$1,599,000$396MLSPIN
01/31/2024Extended$1,599,000$396MLSPIN
10/27/2023Active$1,599,000$396MLSPIN
10/23/2023New$1,599,000$396MLSPIN

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Map & Resources

E. J. Harrington Elementary School

Public Elementary School, Grades: PK-5

0.22mi

North Shore Community College - Lynn Campus

University

0.25mi

Fredrick Douglass Collegiate Academy

Public Secondary School, Grades: 9

0.35mi

Saint Joseph School

School

0.38mi

Brickett Elementary School

Public Elementary School, Grades: K-5

0.43mi

Cobbet Junior High School

Grades: 7-9

0.44mi

Burrill School

School

0.45mi

Dunkin'

Donut & Coffee Shop

0.37mi

Domino's

Pizzeria

0.38mi

Porthole

Seafood & American Restaurant

0.38mi

Lynn Fire Department

Fire Station

0.59mi

Raw Art Works

Arts Centre

0.41mi

Galleries at LynnArts

Gallery

0.34mi

Lynn Museum - LynnArts

Museum

0.35mi

Lynn Shore Reservation

State Park

0.3mi

Nahant Beach - Lynn Shore Reservations

State Park

0.34mi

Woodbury Point

Park

0.28mi

Smith Street Playground

Municipal Park

0.3mi

Lynn Heritage State Park - Waterfront Park

State Park

0.33mi

Goldfish Pond Park

Municipal Park

0.38mi

Red Rock Park

Park

0.41mi

Central Square Historic District

Park

0.42mi

Sagamore St. Playground

Playground

0.17mi

Evolution Artistic Hair Design

Hairdresser

0.31mi

Ironbound Marketplace & Food Emporium

Supermarket

0.32mi

Poblano's Mexican Grocery

Supermarket

0.39mi

Dito's Convenience Store

Convenience

0.31mi

Nahant St @ W Baltimore St

439

0.02mi

Broad St @ Nahant St

441
441442
442

0.14mi

Broad St @ Silsbee St

441
441442
442

0.18mi

Nahant St @ Tudor St

439

0.21mi

Lewis St @ Chestnut St

441
441442
442

0.22mi

Lewis St @ Atlantic St

441
441442
442

0.22mi

Lynnway @ Newhall St

439

0.26mi

27 Beach Rd

439

0.27mi

Seller's Representative: Connie Irving, Coldwell Banker Realty - Marblehead
MLS ID#: 73173217

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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.

MLS PIN data last updated at 2024-11-01 16:26:00