36 Sagamore St - Apartments FOR SALE


Lynn, MA 01902
$1,100,000 USD
617-304-3686
36 Sagamore St, Lynn, MA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/28
null | 8.08% Cap Rate

36 Sagamore St
Lynn, MA 01902


HIGHLIGHTS

  • Turn key
  • Strong NOI
  • low expenses

OVERVIEW

Well situated just off of Lynn's Diamond District, this well maintained 5 unit would be a great addition to anyone's portfolio. Boasting a strong NOI, the property's seperate utilites help keep owner's costs down and profitability up. It's close proximity to major bus lines and the commuter rail make it a favorite spot for tenants....as does the beach only two blocks away. Fully occupied....the current rent roll is strong, but does leave room for minor rent increases as you turn units over. Email listing agent for complete Matterport tour of property

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

8.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,565 SF

ZONING

R-5, Lynn

APN/PARCEL ID

LYNN-000081-000582-000001

ASK ABOUT THIS PROPERTY

Paul CampanoPaul CampanoMore Info
617-304-3686

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Paul CampanoPaul CampanoMore Info
617-304-3686

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