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.
MLS# | 73322222 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 2015 |
Days On Site | 38 |
Listing Provided By | exp Realty | AJ Pappas |
Bed(s) | 52 |
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Bath(s) | 42 Total |
SQ Feet | 27,840 |
Story(s) | 4 |
Units | 42 |
Zoning | R4 |
Acreage | 0.88 |
Water Front | Yes |
Property View | Yes |
State | MA |
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County | Essex |
City | Lynn |
Zip Code | 01905 |
Area | Essex |
Listing VS Median (in 01905) | |
Price: $12,200,000 low | high Med: $399,999 SqFt: 27,840 low | high Med: 1,052 $ / SqFt: $438 low | high Med: $380 On Site: 38 low | high Med: 33.000000 |