69 N Common St - Apartments FOR SALE


Lynn, MA 01902
$6,000,000 USD
203-997-0164
69 N Common St, Lynn, MA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

69 N Common St
Lynn, MA 01902


HIGHLIGHTS

  • 48 Single Room Occupancy Units
  • Fully Furnished Rooms | Laundry Facility
  • Qualified Opportunity Zone | Downtown Lynn
  • Ample Off-Street Parking on Adjacent Lot
  • Includes a 6,202 SF (0.14 acre) Vacant Lot on Hanover Street | Zoned R5

OVERVIEW

Northeast Private Client Group® is pleased to present The North Shore Commons at 69 N Common Street and 10 Hanover Street in Lynn, MA. This three-story, 14,680-square-foot building, built in 1905, has been recently renovated and has received significant capex. It consists of 48 fully furnished single-room occupancy units (SROs) and a 6,202-square-foot adjacent vacant lot, zoned R-5 in the rear (10 Hanover St). There are 12 new bathrooms, four on each floor. Newly added common kitchens with cabinets and granite countertops. New laundry facility & folding stations on site. The rooms include brand-new refrigerators, plasma TVs, and virtual touch security. Desirable Lynn Commons location. Easy access to Boston and Logan International Airport via Lynn Station Commuter Rail stop. Lynn is situated on the Atlantic coast, providing one of the most unique downtown atmospheres in Massachusetts outside of Boston. Centered around the town square and Lynn Common, Downtown Lynn is full of unique rentals and engaging entertainment hotspots. Lofts, condos, and waterfront apartments provide access to the city’s concentration of restaurants, bars, and music venues. There’s also convenient access to the Central Square train station and the area’s comprehensive public transit. All interested and qualified parties can tour the property during scheduled appointments and obtain additional information upon request.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

48

PRICE/UNIT

$125,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The North Shore Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,710 SF

ZONING

R5

APN/PARCEL ID

LYNN-000053-000722-000028

ASK ABOUT THIS PROPERTY

Edward JordanNortheast Private Client GroupMore Info
203-997-0164

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Edward JordanNortheast Private Client GroupMore Info
203-997-0164

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