9 Needhams Landing Rd - Apartments FOR SALE


Lynn, MA 01905
$12,200,000 USD
978-270-5225
9 Needhams Landing Rd, Lynn, MA for Sale
$12,200,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

9 Needhams Landing Rd
Lynn, MA 01905


OVERVIEW

One of a kind investment opportunity with 42 waterfront high end units. An easy commute to Boston, close to schools, The Encore Boston Harbor Casino, and the GE plant. These units are beautifully done with bamboo flooring, granite countertops, stainless steel appliances, custom cabinetry, air conditioning, and sliders leading to private balconies overlooking the water. There are a total of 16 Studios, 13 one bedroom, and 13 two Bedroom units with potential for a clubhouse or another 3 bedroom cottage. Strong rental history. The building itself has solar that powers the parking lot lighting, building halls, elevator, and complex lights. Plenty of off-street parking in this quiet part of town. Steps away from Little River and close to Nahant beach. These truly are residences for a modern lifestyle. There is a GOVT loan on the property that can be assumed at 3.99% fixed for 28 more years , Non Recourse , aprx bal $6.5mm and assumable as well.

FOR SALE DETAILS

PRICE

$12,200,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

42

PRICE/UNIT

$290,476

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Needhams Landing Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

R4

APN/PARCEL ID

LYNN-000019-000305-000025

ASK ABOUT THIS PROPERTY

AJ PappaseXp RealtyMore Info
978-270-5225

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AJ PappaseXp RealtyMore Info
978-270-5225

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