145 Lewis St, Lynn, MA 01902
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145 Lewis St, Lynn, MA 01902
145 Lewis St, Lynn, MA 01902
145 Lewis St, Lynn, MA 01902
145 Lewis St, Lynn, MA 01902
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John J. Dean Jr.

John J. Dean Jr.

Engel & Völkers Americas

+1(617) 553-1926
$ 6,250,000
Est. payment /mo
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Open Thu 11AM-1PM

145 Lewis St Lynn, MA 01902

33 Beds

26 Baths

17,407 SqFt

Open House

Thu Apr 30, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 17,407 sqft

Price per Sqft $359

MLS Listing ID 73500404

Bedrooms 33

Full Baths 26

Year Built 2015

Annual Tax Amount $64,629

Tax Year 2026

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type 5+ Family - 5+ Units Up/Down

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.

Location

State MA

County Essex

Zoning B

Direction Runs parallel to Lynn Shore Drive

Rooms

Basement Full, Finished

Interior

Flooring Tile, Vinyl, Laminate, Wood

Exterior

Exterior Feature Rain Gutters, Professional Landscaping, Decorative Lighting

Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Public School, T-Station, University

Utilities Available for Electric Range, for Electric Oven

Waterfront Description Ocean,0 to 1/10 Mile To Beach,Beach Ownership(Public)

Roof Type Rubber

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by North Shore Realty Advisors

NEARBY SCHOOLS & PROPERTIES

John J. Dean Jr.

John J. Dean Jr.

Real Estate Advisor | License ID: 9512783

+1(617) 553-1926

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145 Lewis St

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