MA
Essex
Lynn
01902
145 Lewis St
145 Lewis St, Lynn, MA 01902
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Listing Type
Multi Family
Listing Status
Active
32
$6,250,000

Home Details for 145 Lewis St

Price
$6,250,000
Type
Residential Income
Bedrooms
33
Total Bathrooms
26
Full Bathrooms
26
Square feet
17407
Year built
2015
Lot size acres
0.19
County
Essex
Total rooms
83
Basement
Full, Finished
MLS Listing#
73500404
Property Description

We are pleased to present a rare opportunity to acquire 145 Lewis Street, a 25-unit multifamily asset located in the highly desirable Diamond District of Lynn, MA. Held by the same ownership for more than 25 years and fully rebuilt in 2015. The property offers investors a 6.8% CAP rate on current income on this 10-year-young asset with strong in-place rents and ability to improve for future growth and no capital improvements needed to achieve returns. The building consists of twenty-five (25) thoughtfully designed floor plans, including eighteen (18) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom/two-bathroom unit. This desirable unit-mix along with amenities such as laundry facilities and on-site storage create long term revenue stream and tenant retention.

Property Features
  • Basement
    • Full
    • Finished
  • Waterfront and Water Access
    • Ocean Front
  • Water Features
    • Public
Listing Courtesy: North Shore Realty Advisors - 617-548-7737
Presented by: Dan Pouladian
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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