$3,200,000
505-509 Chatham
Lynn, MA, 01902
505 Chatham Street, Lynn, MA is a solid investment opportunity featuring a 12-unit brick building on a large lot with 12 parking spaces. The apartments consist mostly of spacious 2-bedroom units, with a couple of 1-bedroom units, all fully deleaded. Many windows have been recently replaced, and the property includes coin-operated laundry in the basement, adding extra income potential. This well-maintained property offers strong rental income and excellent cash flow, making it a standout in Lynn’s rental market.
Property Details
Price:
$3,200,000
MLS #:
73319791
Status:
Active
Beds:
22
Baths:
12
Address:
505-509 Chatham
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Lynn
Listed Date:
Dec 13, 2024
State:
MA
Finished Sq Ft:
13,810
Total Sq Ft:
13,810
ZIP:
01902
Lot Size:
13,759 sqft / 0.32 acres (approx)
Year Built:
1910
Units:
12
Schools
Interior
Bathrooms
12 Full Bathrooms
Exterior
Parking Spots
12
Financial
Tax Year
2024
Taxes
$30,185
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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Courtesy of Greenville Real Estate Group, Inc.. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
505-509 Chatham
Lynn, MA
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