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Expired

9 Needhams Landing, Lynn MA 01905

$12,200,000

Estimated $30,381.82/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $12,200,000

Total Rent: 0/year

Estimated CAP Rate: -1.04%

0 Bedrooms

Baths

27,840 SqFt

Total Parking: 84

38,322 SqFt

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.

This home has been viewed 37 times

Last Checked: May 7th, 2024 at 7:42am (Source: MLS PIN #73168060)

Gross Income: $0

Gross Expenses: $127,195

Net Income Calc: $127,195

CAP Rate: -1.04%

Annual Expenses for 9 Needhams Landing, Lynn MA 01905

Total Gross Expenses (Calculated)$127,195/year

APOD Available

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$127,195

Annual Income & Unit Breakdown for 9 Needhams Landing, Lynn MA 01905

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 9 Needhams Landing, Lynn MA 01905

Listing ID73168060

Property TypeMulti Family / 5+ Family

Price$12,200,000

Style

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total27,840 SqFt

Approximate Lot Size (Acres)0.88 acres

Total Parking84

Garage Parking

Year Built2015

Year Built Source

Year Renovated

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningR4

Zoning DetailsLegal Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 9 Needhams Landing, Lynn MA 01905

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation.0075

Facilitator Compensation.0075

Sub-Agent Compensation

Compensation Based On

Financial Information for 9 Needhams Landing, Lynn MA 01905

Real Estate Taxes$127,195

Tax Year2023

Assessed Value

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$0

BostonRealEstate.com Gross Income

Total Net Income By Broker$0

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)-1.04%

Location Information for 9 Needhams Landing, Lynn MA 01905

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 9 Needhams Landing, Lynn MA 01905

Agent

Name: AJ Pappas

Office

Name: eXp Realty

Phone: 888-854-7493

Team Members

Payment Calculator

, Interest

Property Taxes 10599.58

Principal & Interest 75172.52

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

AJ Pappas

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73168060&w=1024&h=768&n=22
                    [index] => 22
                    [enabled] => 1
                    [created] => 2024-05-07 07:42:30
                    [modified] => 2024-05-07 07:42:30
                )

[22] => Array
                (
                    [id] => 7605669
                    [name] => MLS23.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73168060&w=1024&h=768&n=23
                    [index] => 23
                    [enabled] => 1
                    [created] => 2024-05-07 07:42:30
                    [modified] => 2024-05-07 07:42:30
                )

[23] => Array
                (
                    [id] => 7605670
                    [name] => MLS24.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73168060&w=1024&h=768&n=24
                    [index] => 24
                    [enabled] => 1
                    [created] => 2024-05-07 07:42:30
                    [modified] => 2024-05-07 07:42:30
                )

[24] => Array
                (
                    [id] => 7605671
                    [name] => MLS25.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73168060&w=1024&h=768&n=25
                    [index] => 25
                    [enabled] => 1
                    [created] => 2024-05-07 07:42:30
                    [modified] => 2024-05-07 07:42:30
                )

[25] => Array
                (
                    [id] => 7605672
                    [name] => MLS26.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73168060&w=1024&h=768&n=26
                    [index] => 26
                    [enabled] => 1
                    [created] => 2024-05-07 07:42:30
                    [modified] => 2024-05-07 07:42:30
                )

[26] => Array
                (
                    [id] => 7605673
                    [name] => MLS27.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73168060&w=1024&h=768&n=27
                    [index] => 27
                    [enabled] => 1
                    [created] => 2024-05-07 07:42:30
                    [modified] => 2024-05-07 07:42:30
                )

[27] => Array
                (
                    [id] => 7605674
                    [name] => MLS28.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73168060&w=1024&h=768&n=28
                    [index] => 28
                    [enabled] => 1
                    [created] => 2024-05-07 07:42:30
                    [modified] => 2024-05-07 07:42:30
                )

)

)

EXIT