116-124A Central Ave - Apartments FOR SALE


Lynn, MA 01910
$5,289,000 USD
617-756-0657
116-124A Central Ave, Lynn, MA for Sale
$5,289,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

116-124A Central Ave
Lynn, MA 01910


HIGHLIGHTS

  • 18 residential apartments and 3 retail spaces generating monthly income.

OVERVIEW

116-124 A 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.

FOR SALE DETAILS

PRICE

$5,289,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

22

PRICE/UNIT

$240,409

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

CBD

APN/PARCEL ID

LYNN-000068-000635-000002

ASK ABOUT THIS PROPERTY

Boris KuritnikKumo CapitalMore Info
617-756-0657

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Boris KuritnikKumo CapitalMore Info
617-756-0657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.