62 Nahant Street Lynn MA 01902 MLS #73173217

62 Nahant Street
Lynn, MA, 01902
$1,450,000
13 Beds
3.5 Baths
4,039 SqFt
0.16 Acres
$1,450,000
62 Nahant Street
Lynn, MA, 01902
NEW PRICE IMPROVEMENT! The cleanest, Fully Licensed Rooming/ Boarding house you will find!! This property located in Highly Desirable Diamond District, just a Few Blocks from the Beach and access to transportation! SUPER EASY TO MANAGE- Income Producing all while in PRIME LOCATION! (Note: NOT A SOBER HOUSE) Great corner lot, extra large 2 car detached garage (rented separately for bonus income!!) and a full dry basement with high ceilings with tons of storage space. 13 current rental units (including a separate 1-bedroom apartment) and an office space that can potentially be another rentable room (14 rooms in total). All rooms vary in size and include closets, and some are extra large potentially being able to add more beds for more income- buyer to verify this and do due diligence. ALL TENANTS ARE AT WILL. Some pay per week- others pay per month. Pre-approval or proof of funds required prior to showings. Partial seller financing will be considered.

Property Details

Price:
$1,450,000
MLS #:
73173217
Status:
Active
Beds:
13
Baths:
3.5
Address:
62 Nahant Street
Type:
Multi Family
Subtype:
5+ Family – Rooming House
City:
Lynn
Listed Date:
Oct 23, 2023
State:
MA
Finished Sq Ft:
4,039
Total Sq Ft:
4,039
ZIP:
01902
Lot Size:
6,950 sqft / 0.16 acres (approx)
Year Built:
1893
Units:
13

Schools

Interior

Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Fireplaces Total
1
Flooring
Hardwood
Heating
Oil

Exterior

Community Features
Public Transportation, Shopping
Exterior Features
Rain Gutters, Professional Landscaping
Parking Features
Paved
Parking Spots
4

Financial

Net Operating Income
$70,663
Tax Year
2023
Taxes
$10,555
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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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62 Nahant Street
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