$12,200,000
 $65,492 est/mo Sourced by Back At You

9 Needhams Landing , Lynn, MA 01905

Lynn, MA 01905

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Description

One of a kind investment opportunity with 42 waterfront high end units. An easy commute to Boston, close to schools, The Encore Boston Harbor Casino, and the GE plant. These units are beautifully done with bamboo flooring, granite countertops, stainless steel appliances, custom cabinetry, air conditioning, and sliders leading to private balconies overlooking the water. There are a total of 16 Studios, 13 one bedroom, and 13 two Bedroom units with potential for a clubhouse or another 3 bedroom cottage. Strong rental history. The building itself has solar that powers the parking lot lighting, building halls, elevator, and complex lights. Plenty of off-street parking in this quiet part of town. Steps away from Little River and close to Nahant beach. These truly are residences for a modern lifestyle. There is a GOVT loan on the property that can be assumed at 3.99% fixed for 28 more years , Non Recourse , aprx bal $6.5mm and assumable as well.

Details

MLS#73322222
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2015
Days On Site38
Listing Provided Byexp Realty | AJ Pappas

Features

Bed(s)52
Bath(s) 42 Total
SQ Feet27,840
Story(s)4
Units42
ZoningR4
Acreage0.88
Water FrontYes
Property ViewYes

Market Activity 01905

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Learn More About This Property

StateMA
CountyEssex
CityLynn
Zip Code01905
AreaEssex
Listing VS Median (in 01905)
Price:
$12,200,000
low | high
Med:
$399,999
100% of Average
SqFt:
27,840
low | high
Med:
1,052
100% of Average
$ / SqFt:
$438
low | high
Med:
$380
63.233402730163% of Average
On Site:
38
low | high
Med:
33.000000
100% of Average
Sourced by Back At You
Listing Updated: January 5, 2025 at 3:31:01 AM PST