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7 Broad Street Lynn, MA 01902

$1,549,000  
10,684 Sq.Ft. On Site: 12 Days
16 Beds
10 Baths
Built: 1890
10-UNIT MIXED-USE INVESTMENT OPPORTUNITY located on Broad Street, near the Lynn commuter rail. 7-11 Broad Street boasts 10,684 +/- square feet of area, including two retail storefronts, featuring eight (8) two-bedroom apartments. The current rents in place are well below market value, creating the immediate ability to substantially increase income. All of the residential apartments are TAW. The basement, retail suites and common areas are all sprinklered. The roof is flat rubber and is in good condition and there are 5-6 parking spaces accessible by mutual right-of-way with the abutter. Seller has held this asset since 1992 so this is an opportunity with new management in place to be a strong producing asset for your portfolio.
Status:Active
Property Type:5+ Family - 5+ Units Up/Down
MLS #:72451754
Year Built:1890
Sq. Feet:10684
On Site:12 Days
Lot Size:0.14 Acres

Detailed Maps

Community Information

Address:7 Broad Street Lynn, MA 01902
County:Essex
City:Lynn
Zip Code:01902

Architecture

Bedrooms: 16
Bathrooms: 8 Full / 2 Half
Year Built:1890
Parking Spaces: 6

Features / Amenities

Total Sq. Ft.:10684

Property Features

Lot Size: 0.14 Acres
Lot Dimensions:6130 Sq. Ft.

Tax and Financial Info

Taxes: $13,071
Tax Year: 2018

Listing Office

Listing provided courtesy of Brian Dapice, The Mega Group.

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Listing Information Last Updated 2/22/2019

Property Summary:

Real Estate Listing at .

Description: The real estate listing at 7 Broad Street Lynn, MA 01902 with the MLS# 72451754 is currently listed for $1,549,000 and has been on the Lynn market for 11 days.

GeoCoordinates:
-70.9353
42.46438

List Price: $1,549,000

You are viewing the details of the real estate listing from MLSPIN at 7 Broad Street Lynn, MA 01902, which features 16 bedrooms, 10 bathrooms, and has approximately 10684 sq.ft. of living area.
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