119 Lewis St, Lynn, MA 01902
24 Unit Apartment Building | $4,900,000 ($204,167/Unit) | 6.86% Cap Rate | Lynn, MA 01902
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,900,000
- Property Type
-
Multifamily
- Square Feet
- 17,056 SF
Listing Contacts
Dennis Kelleher
Verified Profile
- Property Info
Property Overview
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multifamily investment property located at 119 Lewis Street in Lynn, Massachusetts (the “Property”). The three-story, brick-building contains twenty-four (24) total units, consisting of twenty-one (21) 1-Bedroom/1-Bathroom units and three (3) two-room Studio units with 12,765 square feet of living area in 17,029 square feet of gross area on a 0.289-acre parcel. 119 Lewis Street is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square. The Property is situated just outside of Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities, including retail, restaurants, entertainment and public transportation. Additionally, Lewis Street is just 0.8 miles from the Central Square commuter rail station, with service to Boston’s North Station, and 11 miles from Downtown Boston The Property is less than a mile from The Mosaic, a new, six-story, 147,500 square foot mixed-use development on 69 Baldwin Street. The ground floor includes 3,500 sf of retail and restaurant space, while floor two through six consists of 146 apartment units.
Property Details
- Class
- C
- Year Built
- 1911
- Stories
- 3
- Lot Size (sq. ft)
- 12,632 SF
- Units
- 24
Highlights
- Recent Capital Improvements
- Walkable Downtown Location
- Transit Oriented Location
- Strong Demographics
- Separate Electric & On-Site Laundry
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