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

62 Nahant Street Lynn, MA 01902

191 Days on Boston Pads
8 Photos
$1,599,000
13 Unit
13 Beds
4 Baths
4039 SQFT
0.16 Acre
62 Nahant Street
Lynn, MA 01902

Property Description

Sparkling Clean, Licensed Rooming/ Boarding house in Highly Desirable Diamond District, just a Few Blocks from the Beach! Income Producing all while in PRIME LOCATION! Great corner lot, 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 total). All rooms include closets and some are extra large potentially being able to add more beds for more income- buyer to verify. Scheduled showings of common areas only then others after offer acceptance* Pre-approval or proof of funds required prior to showings.

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: 03/25/24
  • Terms: Contract for Deed, Rent w/Option

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
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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View Breakdown

Seller's Representative: Connie Irving, Coldwell Banker Realty - Marblehead
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2
Facilitator Compensation: 1
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2024-03-25 07:50:00