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

116-124A Central Lynn, MA 01901

8 Days on Boston Pads
7 Photos
$5,289,000
21 Unit
18 Beds
21 Baths
17120 SQFT
0.09 Acre
116-124A Central
Lynn, MA 01901

Property Description

116-124A Central, Lynn, MA is a prime mixed-use property featuring 18 residential apartments and 3 retail spaces in a highly convenient downtown location, steps from public transportation. Located in an Opportunity Zone, this property offers significant investment advantages. Recent renovations include repointing the front masonry wall, full lead compliance, replacement of three main sewer lines, and complete renovations of 2 commercial spaces and 12 apartments. Additionally, the building features coin-operated laundry in the basement, adding extra income potential. This well-maintained property is a standout investment in the heart of Lynn.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 21
  • Total Floors: 3
  • Total Bedrooms: 18
  • Total Full Baths: 21

Financial

  • APOD Available: Yes
  • Gross Operating Income: 467841
  • Gross Expenses: 116871
  • Net Operating Income: 350970

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes

Construction

  • Year Built: 1920
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Brick
  • Foundation Info: Concrete Block
  • Roof Material: Rubber
  • Lead Paint: Yes
  • Warranty: No

Other Information

  • MLS ID# 73319745
  • Last Updated: 12/17/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
12/17/2024Active$5,289,000$309MLSPIN
12/17/2024Active$5,289,000$308MLSPIN
12/13/2024New$5,289,000$309MLSPIN
12/13/2024New$5,289,000$308MLSPIN

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View Breakdown

Map & Resources

North Shore Community College - Lynn Campus

University

0.1mi

Fredrick Douglass Collegiate Academy

Public Secondary School, Grades: 9

0.18mi

Burrill School

School

0.18mi

St. Mary's High School

Private School, Grades: 7-12

0.28mi

Washington Elementary School

Public Elementary School, Grades: PK-5

0.36mi

Lynn Vocational Technical Institute

Public Secondary School, Grades: PK-12

0.39mi

Cobbet Junior High School

Grades: 7-9

0.46mi

Dunkin'

Donut & Coffee Shop

0.31mi

Domino's

Pizzeria

0.31mi

Enzo's Pizzeria

Pizzeria

0.24mi

Porthole

Seafood & American Restaurant

0.25mi

Casa Antigua

Central American & Guatemalan Restaurant

0.25mi

Rossetti

Italian Restaurant

0.28mi

Bella Luna Restaurant

Italian Restaurant

0.29mi

Eclipse

Restaurant

0.29mi

Lynn Police Department

Local Police

0.38mi

Lynn Museum - LynnArts

Museum

0.25mi

Raw Art Works

Arts Centre

0.29mi

Lynn Veteran's Memorial Auditorium

Arts Centre

0.38mi

Galleries at LynnArts

Gallery

0.3mi

Soul City Yoga (Lynn)

Fitness Centre. Sports: Yoga

0.19mi

Lynn Heritage State Park - Waterfront Park

State Park

0.13mi

Central Square Historic District

Park

0.31mi

Lynn Common

Municipal Park

0.38mi

Neptune Boulevard Playground

Municipal Park

0.45mi

Sagamore St. Playground

Playground

0.35mi

Lynn Public Library

Library

0.44mi

Century Bank

Bank

0.13mi

Brotherhood Credit Union

Bank

0.22mi

Community Credit Union

Bank

0.26mi

Lily's Nails

Nails

0.17mi

Evolution Artistic Hair Design

Hairdresser

0.26mi

Speedway

Gas Station

0.29mi

Dito's Convenience Store

Convenience

0.26mi

Cal's News

Convenience

0.29mi

Richdale Convenience Store

Convenience

0.41mi

Shaw's

Supermarket

0.19mi

Contreas Grocery

Supermarket

0.27mi

Poblano's Mexican Grocery

Supermarket

0.3mi

Ironbound Marketplace & Food Emporium

Supermarket

0.37mi

Family Dollar

Variety Store

0.23mi

Lynnway @ Pleasant St

439
441
441442
442

0.1mi

Market St @ Commuter Rail

426
435
436
442
455

0.13mi

Oxford St @ Market St

429
436

0.18mi

333 Lynnway

439
441
441442
442

0.19mi

Lynn

426
429
435
436
439
441
441442
442
455
456

0.21mi

Tremont St opp St Mary's High School

429
435

0.23mi

Market St @ Tremont St

426
429
435
441
442
455

0.23mi

Oxford St @ Washington St

429
436

0.25mi

Seller's Representative: Oleg Elisev, Greenville Real Estate Group, Inc.
MLS ID#: 73319745

© 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 2024-12-17 03:05:00