Description
Attention investors! Don't miss this exceptional opportunity to acquire a well-maintained six-unit apartment building featuring spacious three-bedroom units throughout, a strong established rent roll, and an attractive 7.1% cap rate. Three of the units have recently undergone extensive renovations, including brand-new bathrooms, refinished hardwood floors, fresh paint, and numerous additional updates, providing immediate value and future rental growth potential. All units have Letters of Deleading Compliance, offering added value and peace of mind. The property has been professionally maintained and features a heating system that is only 3 years old. This turnkey investment offers a desirable unit mix that continues to attract strong tenant demand and is an excellent opportunity for investors seeking a stable, income-producing asset with significant recent capital improvements and long-term upside potential.
Details
| MLS # | 73538789 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 136 |
| Listing Provided By | Clements Realty Group | Eugene L. Clements |
Features
| Bath(s) | 6 |
|---|---|
| Zoning | R2 |
| Acreage | 0.10 |
Exterior
| Roof | Rubber |
|---|
Utilities
| Utilities | Public Water, Natural Gas Available |
|---|
Taxes
| Tax Annual Amount | 15914 |
|---|---|
| Tax Year | 2025 |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MA |
|---|---|
| County | Essex |
| City | Lynn |
| Zip Code | 01902 |
| Area | Essex |
| Listing VS Median (in 01902) | |
Price: $1,650,000 low | high Med: $299,700 On site: 136 low | high Med: 36.5 | |
Market Activity 01902
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Learn More About This Property
| State | MA |
|---|---|
| County | Essex |
| City | Lynn |
| Zip Code | 01902 |
| Area | Essex |
| Listing VS Median (in 01902) | |
Price: $1,650,000 low | high Med: $299,700 On site: 136 low | high Med: 36.5 | |
 | $1,650,00043 Highrock StreetLynn, MA 01902 |