43 bedroom house for sale
$4,000,000 - Lynn MA 01904Lynn MA 01904
43 bedroom house for sale
- Beds: 43
- Baths: 16
- Price: $4,000,000
- Reference No.: 66850000
- Area: 17,688 sqft
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Overview
Listed at a 6.86% Cap Rate on current income, the asset is a four-story brick building contains sixteen (16) units comprised of eleven (11), 3-Bedroom/1-Bathroom units and five (5), 2-Bedroom/1-Bathroom units with 17, 688 square feet of living area on a 0.13-acre corner parcel of land. The Property is well-located at the intersection of Western Avenue and Franklin Street and is 0.1-miles from Stop and Shop. The Property is situated along the edge of Downtown Lynn and is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Central Square, BayRidge Hospital, and North Shore Community College. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market. The option exists to potentially assume the existing debt at 4.04% interest rate.House Lynn
This House for sale is located at Lynn MA 01904. The home has 43 Bedroom and 16 Bathrooms. This 43 bedroom House in Lynn MA is for sale for $4,000,000 .
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2024-01-10, Viewed 0 times.
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2024-01-10, Viewed 0 times.
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