4 – 4A Broad Lynn MA 01950 MLS #73312289

4 – 4A Broad
Lynn, MA, 01950
$995,000
8 Beds
5 Baths
4,089 SqFt
0.17 Acres
$995,000
4 – 4A Broad
Lynn, MA, 01950
A few streets to the beach! 4-FAMILY plus SHOP in CARRIAGE HOUSE with endless possibilities! This 4-family + is located near King’s Beach & Swampscott in the thriving city of LYNN. Newer roof, newer siding & many newer windows throughout. Property features sprinkler system for future condo readiness reduced insurance policy. Heating system for unit 1 is <10 years old, all other units have separate electric heat. Hot water is included in all rents. De-lead info available for Unit #1. All rents UNDER MARKET! Coin operated laundry in basement for tenants, garages rented at $150 monthly each & you still have 8 more parking spots for tenants! All tenants except Unit 3 are tenant-at-will, this property has potential to be very profitable, assessed at $ 1,149,000 priced to sell - incredible opportunity for savvy buyer City encourages development of ancillary structures (LOT over 7000 square feet) expand 5th unit, legal hobby-workshop, office/BUSINESS. Buyer completes independent due diligenc

Property Details

Price:
$995,000
MLS #:
73312289
Status:
Active
Beds:
8
Baths:
5
Address:
4 – 4A Broad
Type:
Multi Family
Subtype:
4 Family
Neighborhood:
Diamond District
City:
Lynn
Listed Date:
Nov 13, 2024
State:
MA
Finished Sq Ft:
4,089
Total Sq Ft:
4,089
ZIP:
01950
Lot Size:
7,298 sqft / 0.17 acres (approx)
Year Built:
1900
Units:
4

Schools

Elementary School:
Open House
Middle School:
Thursday 11/14
High School:
12:00 To 2:00pm

Interior

Bathrooms
5 Full Bathrooms
Flooring
Other
Heating
Electric

Exterior

Community Features
Public Transportation, Park, Laundromat, Highway Access, Marina
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, Leased, Paved
Parking Spots
10
Roof
Shingle

Financial

Net Operating Income
$84,000
Tax Year
2024
Taxes
$12
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Marie Andrews

Marie Andrews

Realtor®, Broker/Owner, GBREB, Notary Public

Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…

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4 – 4A Broad
Lynn, MA