$4,850,000 ($302.14 per sqft)

Est. Mortgage $24,844/mo *

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39 Newhall St, Lynn, MA, 01902

39 Newhall St, Lynn, MA, 01902

74 rooms

31 beds

23 Full baths

1910

16,052 sqft

39 Newhall (20 Units) and 8 Suffolk (3 Units) contain a total of twenty-three (23) units on one parcel of land, consisting of eight (8), 2-Bedroom/1-Bathroom units, twelve (12) 1-Bedroom/1-Bathroom units and three (3) 2-Room Studio units. Each unit is separately metered for electricity and gas-fired head, which the tenants pay directly. Hot water is the responsibility of the tenants in the 8 Suffolk units and the landlord in the 39 Newhall units. The landlord is responsible for common area electric and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.


Status:

Active

Type:

Multi-family

Units:

23

Zoning:

R5

Basement:

Unfinished

Levels:

3

Acreage:

0.14

Est. Taxes:

$35,186

Assessment

$3,396,300

Lot Description:

Corner Lot

Amenities:

Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

MLS #:

73340893

Compensation Based On:

Net Sale Price

Sub-Agency Relationship Offered:

No


Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Horvath & Tremblay Phone: 781-776-4000