Lynn, MA 01902,505-509 Chatham
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Lynn, MA 01902,505-509 Chatham
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$ 3,300,000
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505-509 Chatham Lynn, MA 01902

22 Beds

12 Baths

13,810 SqFt


UPDATED:

12/17/2024 08:05 AM

Key Details

Property Type Multi-Family

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

Listing Status Active

Purchase Type For Sale

Square Footage 13,810 sqft

Price per Sqft $238

MLS Listing ID 73319791

Bedrooms 22

Full Baths 12

Year Built 1910

Annual Tax Amount $30,185

Tax Year 2024

Lot Size 0.320 Acres

Acres 0.32

Property Description

505 Chatham Street, Lynn, MA is a solid investment opportunity featuring a 12-unit brick building on a large lot with 12 parking spaces. The apartments consist mostly of spacious 2-bedroom units, with a couple of 1-bedroom units, all fully deleaded. Many windows have been recently replaced, and the property includes coin-operated laundry in the basement, adding extra income potential. This well-maintained property offers strong rental income and excellent cash flow, making it a standout in Lynn's rental market

Location

State MA

County Essex

Zoning R4

Direction Google please

Exterior

Total Parking Spaces 12

Garage No

Building

Lot Description Level

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Others

Senior Community false


Listed by Greenville Real Estate Group, Inc.

Lisa Sevajian

Agent | License ID: 95000355

+1(978) 457-3406

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505-509 Chatham