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

7-9 Holland Ave Lynn, MA 01905

NEW
18 Photos
$1,900,000
9 Unit
12 Beds
9 Baths
8493 SQFT
0.13 Acre
7-9 Holland Ave
Lynn, MA 01905

Property Description

7-9 Holland Ave is a three-story building and contains nine residential units comprised of six 1-Bedroom/1-Bathroom units and three 2-Bedroom/1-Bathroom units. Each unit is separately metered for electricity and gas-fired heat, which the tenants pay directly. Hot water is the responsibility of the tenants in three units and the landlord in six units. The landlord is also responsible for common area electric and domestic water and sewer. The Property offers eleven on-site parking spaces for residents. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 9
  • Total Floors: 3
  • Total Bedrooms: 12
  • Total Full Baths: 9
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, Swimming Pool, Tennis Court, T-Station, University, Walk/Jog Trails
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: Yes
  • Gross Operating Income: 180780
  • Gross Expenses: 69106
  • Net Operating Income: 111674

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Hot Water, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1925
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73315479
  • Last Updated: 11/25/24

Mortgage Calculator

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Map & Resources

A. Drewicz Elementary School

Public Elementary School, Grades: PK-5

0.05mi

Wm. P. Connery Elementary School

Public Elementary School, Grades: PK-5

0.3mi

William P Connery School

School

0.34mi

Sacred Heart Elementary School

Private School, Grades: PK-8

0.35mi

Sacred Heart School

Private School, Grades: PK-8

0.38mi

Saint Patricks School

School

0.42mi

Juan Parrilla Bar & Grill

Bar

0.17mi

Cafe Bayon

Asian Restaurant

0.21mi

Super Seven Subs & Pizza

Sandwich Restaurant

0.22mi

La Fonda De Don Juan

Restaurant

0.28mi

Cafe El Molino

Restaurant

0.35mi

The Lido Cafe

Pizza & Seafood Restaurant

0.36mi

Old Tyme Italian Cuisine

Italian & American Restaurant. Offers: Meat

0.39mi

617 Monchies

Restaurant

0.41mi

Lynn Fire Department

Fire Station

0.24mi

Tower Hill Fire Station

Fire Station

0.56mi

Private Jewels Boxing Club

Fitness Centre

0.46mi

Barry Park

Park

0.24mi

General Electric Athletic Association Field

Municipal Park

0.27mi

Lynn Common

Municipal Park

0.32mi

Warren St. Playground

Municipal Park

0.37mi

Bennett Street Playground

Playground

0.41mi

Filenes Playground

Playground

0.42mi

Salem Laundry Company

Laundry

0.38mi

Catholic Charities Child Care Center

Childcare

0.46mi

River Works Credit Union

Bank

0.36mi

Liling's Beauty Salon

Beauty

0.12mi

The SALON by InStyle

Hairdresser

0.18mi

Anny's Hair Designs

Hairdresser

0.22mi

Top of the Line Haircuts

Hairdresser

0.3mi

Hood Ink Tatoo Zoo

Tattoo

0.3mi

Black Friday Year Round

Department Store

0.37mi

D. & T. Convenience Store

Convenience

0.04mi

Soriya Market

Convenience

0.18mi

Linden Market

Convenience

0.31mi

Los Primos Market

Convenience

0.32mi

One Stop Mart

Convenience

0.38mi

Auto Grill

Convenience

0.4mi

Family Corner Grocery II

Convenience

0.41mi

Western Ave @ Walden St

424
426
441
442
450
455

0.05mi

760 Western Ave

424
426
441
442
450
455

0.09mi

Western Ave @ Breed Square

424
426
436
442
450
455

0.09mi

743 Western Ave

424
426
436
442
450
455

0.12mi

Western Ave @ Summer St

424
426
441
442
450
455

0.16mi

Western Ave @ Summer St

424
436
442
450
455

0.2mi

Market Square @ Western Ave

426
436
442
455

0.22mi

Market Square @ Western Ave

426
441
442
455

0.22mi

Seller's Representative: Dennis Kelleher, Horvath & Tremblay
MLS ID#: 73315479

© 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 2024-11-25 09:53:00