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Expired

9 Needhams Landing, Lynn MA 01905

$12,200,000

Estimated $30,382/month Calculator

Multi Family

Total Units:

Price Per Unit: $12,200,000

Total Rent: 0/year

Estimated CAP Rate:

0 Bedrooms

Baths

27840

Total Parking: 84

38,322 (0.88)

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 48 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

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 Tax127195

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

Total Gross Income (Calculated)$0

General Information for 9 Needhams Landing, Lynn MA 01905

Listing ID73168060

Property TypeMulti Family / 5+ Family

Price12200000

Style

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total27840

Approximate Lot Size (Acres)0.88

Total Parking84

Year Built2015

Water

Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningR4

Zoning DetailsLegal Conforming

Water Views

Water Views Features

Waterfront Features

Terms

Disclosures for 9 Needhams Landing, Lynn MA 01905

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

ExclusionsAll Appliances To Remain.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation.0075

Facilitator Compensation.0075

Compensation Based On

Financial Information for 9 Needhams Landing, Lynn MA 01905

Real Estate Taxes127195

Tax Year2023

Assessed Value$0

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 9 Needhams Landing, Lynn MA 01905

Neighborhood(s)

Area Amenities

Contact Information for 9 Needhams Landing, Lynn MA 01905

Agent

Name: AJ Pappas

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 10599.58

Principal & Interest 75172.52

HOA Dues

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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EXIT

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