Overview Property Details Walkability

Expired

228-244 Washington Street, Lynn MA 01908

Commercial Sale

The Offering consists of a five (5) unit multi-family building known as 228 Washington Street along with a four (4) unit commercial building known as 244 Washington Street. The property has nineteen (19) surface parking spaces and is situated on a 12,185 Square Foot corner p...

This home has been viewed 15 times

Last Checked: May 7th, 2024 at 7:57am (Source: MLS PIN #73185780)

General Information for 228-244 Washington Street, Lynn MA 01908

Listing ID73185780

Property TypeCommercial Sale

Price$2,100,000

Style

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Garage Parking

ZoningR5

AssociationNo

Year Built1923

Year Built Source

Year Renovated

Year Built Details

Handicap Access / FeaturesNo

Energy Features

Disclosures for 228-244 Washington Street, Lynn MA 01908

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Senior CommunityNo

Special Listing Conditions

For Sale By OwnerNo

Exclusions

Disclosures

Title 5

Buyer Agent Compensation2

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Contact Information for 228-244 Washington Street, Lynn MA 01908

Agent

Name: Michael McCarthy

MLS ID: CN235371

Office ID: AN7007

Address: 50 Carnell Road

City: Marblehead

State: MA

Zip: 01945

Office

Name: North Shore Realty Advisors

MLS Office ID: AN7007

Phone: 617-548-7737

Team Members

Name: Dan Pouladian

MLS ID: NB115212

Office ID: AN7007

Phone: 617-548-7737

City: Marblehead

State: MA

Exclusive Listing Agent

North Shore Realty Advisors

Michael McCarthy

Agent Phone

Office Phone

(617) 548-7737

Text Agent Call Agent Call Office

Array
(
    [acres] => Approx. 0.23 acres (9,999 SqFt)
    [add_date] => 2024-05-07 07:57:00
    [address] => Washington Street
    [agent] => Array
        (
            [address] => 50 Carnell Road
            [city] => Marblehead
            [id] => CN235371
            [name] => Michael McCarthy
            [national_association] => 
            [office] => AN7007
            [state] => MA
            [zip] => 01945
        )

[apod_available] => Array
        (
        )

[appliances] => Array
        (
        )

[approx_living_area_total] => 
    [approx_lot_size_acres] => 0.23 acres
    [approx_lot_size_sqft] => 9,999 SqFt
    [assessed_value] => 
    [association] => No
    [association_fee] => Array
        (
            [0] => $0
        )

[association_fee_frequency] => Array
        (
        )

[association_fee_includes] => Array
        (
        )

[association_required] => Array
        (
        )

[available_date] => 
    [available_now] => Yes
    [basement] => Array
        (
        )

[bathrooms] => 
    [bedrooms] => 0
    [building_amenities] => Array
        (
        )

[building_area_source] => Array
        (
        )

[building_management] => Array
        (
        )

[building_debug] => 228-244 Washington Street Lynn
    [building_id] => 
    [building_name] => 
    [building_name_from_address] => 
    [building_url] => 
    [buyer_agent_compensation] => 2
    [buyer_agent_id] => 
    [buyer_office_id] => 
    [c_style] => Array
        (
        )

[c_type] => Commercial Sale
    [cap_rate] => -0.53%
    [city] => Lynn
    [community_features] => Array
        (
        )

[compensation_based_on] => Array
        (
        )

[complex_complete] => Array
        (
        )

[construction_materials] => Array
        (
        )

[construction_status] => 
    [cooling] => No
    [cooperating_agent_commission] => Array
        (
        )

[county] => Essex
    [cultivation_acres] => None
    [date_available_note] => 
    [deposit_amount] => Array
        (
            [0] => $0
        )

[deposit_required] => Array
        (
        )

[deqe] => 
    [description] => The Offering consists of a five (5) unit multi-family building known as 228 Washington Street along with a four (4) unit commercial building known as 244 Washington Street. The property has nineteen (19) surface parking spaces and is situated on a 12,185 Square Foot corner parcel.  228 Washington Street is a 3-story multi-family with a unit mix consisting of four (4) 1 bedrooms and one (1) 3 bedroom with a total Gross Square Footage of  5,297+/-  and Rentable Square Footage of 3,626+/- .  The tenants are responsible for separately metered utilities.  In 2021, current ownership completed many capital improvements, such as roofs, renovations of the residential units including updated kitchens, bathrooms, flooring, lighting, plumbing and electrical. 244 Washington Street is a single story building consisting of four (4) commercial units with a Rentable Square Footage of 3,249+/-  and is currently 100% occupied. The tenants include a Barbershop, Salon, Tattoo Parlor and Restaurant.
    [disclosures] => 
    [documents_available] => Array
        (
        )

[electric] => Array
        (
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[elementary_school] => 
    [en_suite_bath] => Array
        (
            [0] => Yes
        )

[energy_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[estimated_monthly_payment] => 
    [exclusions] => Array
        (
        )

[exterior_features] => Array
        (
        )

[facilitator_compensation] => 
    [fee_paid_by_tennant] => Contact Agent
    [financial_data_source] => Array
        (
        )

[fireplaces] => Array
        (
        )

[first_month_required] => Array
        (
        )

[floor_number] => 0
    [flooring] => Array
        (
        )

[for_sale_by_owner] => No
    [foundation_area] => 
    [foundation_materials] => Array
        (
        )

[frontage_length] => 
    [full_baths] => 0
    [garage_parking] => 
    [gas] => Array
        (
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[gross_income] => Array
        (
            [0] => $183,804
        )

[half_baths] => 0
    [handicap_access] => No
    [heating] => No
    [heating_expense] => Array
        (
            [0] => $0
        )

[high_school] => 
    [horse_features] => Array
        (
        )

[horse_permitted] => No
    [hot_water] => Array
        (
        )

[id] => 343777
    [insurance_expense] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[interior_features] => Array
        (
        )

[last_month_required] => Array
        (
        )

[last_sync_date] => 2024-05-07 07:57:00
    [laundry_features] => Array
        (
        )

[lead_paint] => Array
        (
        )

[lease_term] => 
    [levels_in_unit] => 1
    [living_area] => 
    [living_area_disclosure] => Array
        (
        )

[living_area_includes_basement] => Array
        (
        )

[lot_features] => Array
        (
        )

[management_expense] => Array
        (
            [0] => $0
        )

[middle_school] => 
    [miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[mls_area] => 
    [mls_id] => 73185780
    [neighborhoods] => Array
        (
        )

[net_income_calc] => -11061
    [net_operating_income] => Array
        (
            [0] => $123,822
        )

[number_of_lots] => Array
        (
        )

[number_of_units] => 1
    [office] => Array
        (
            [id] => AN7007
            [name] => North Shore Realty Advisors
            [phone] => 617-548-7737
        )

[operating_expense] => Array
        (
            [0] => $50,792
        )

[optional_fee_includes] => Array
        (
        )

[optional_price] => 0
    [outdoor_space_available] => Array
        (
        )

[owner_occupancy_source] => 
    [parking_features] => Array
        (
        )

[pasture_area] => None
    [patio_and_porch] => Array
        (
        )

[perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [pet_policy] => Array
        (
        )

[phone] => 781-883-8518
    [pool_features] => Array
        (
        )

[price] => $2,100,000
    [price_per_sqft] => 0
    [price_per_unit] => 2100000
    [private_pool] => No
    [property_sub_type] => Array
        (
        )

[real_estate_tax] => $11,061
    [references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[road_frontage_type] => Array
        (
        )

[roof_material] => Array
        (
        )

[rooms] => 0
    [senior_community] => No
    [sewer] => Array
        (
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[short_sale] => 
    [special_listing_conditions] => Array
        (
        )

[state] => Massachusetts
    [state_code] => MA
    [status] => Array
        (
            [0] => Expired
        )

[street_number] => 228-244
    [structure_type] => Array
        (
        )

[style] => Array
        (
        )

[subagent_compensation] => 
    [tag_accessible_features] => 
    [tag_air_conditioning] => 
    [tag_association_pool] => 
    [tag_beach_access] => 
    [tag_beach_front] => 
    [tag_elevator] => 
    [tag_equestrian] => 
    [tag_garage_parking] => 
    [tag_generator] => 
    [tag_green_features] => 
    [tag_laundry] => 
    [tag_lead_paint_free] => 
    [tag_loft] => 
    [tag_pet_friendly] => 
    [tag_pre_construction] => 
    [tag_private_outdoor_space] => 
    [tag_private_pool] => 
    [tag_professional_management] => 
    [tag_recently_renovated] => 
    [tag_senior_community] => 
    [tag_townhouse] => 
    [tag_waterfront] => 
    [tag_waterview] => 
    [tax_year] => 2023
    [team] => Array
        (
            [0] => Array
                (
                    [id] => NB115212
                    [name] => Dan  Pouladian
                    [phone] => 617-548-7737
                    [address] => 23 Ida Road
                    [city] => Marblehead
                    [state] => MA
                    [zip] => 01945
                    [office] => AN7007
                    [national_association] => 
                )

)

[terms] => Array
        (
        )

[timber_acres] => None
    [title_5] => 
    [total_gross_expense] => 11061
    [total_gross_income] => 0
    [total_parking] => 19
    [trash_expense] => Array
        (
            [0] => $0
        )

[uffi] => Array
        (
        )

[unit_1_bathrooms] => 
    [unit_1_bedrooms] => 
    [unit_1_floor] => 
    [unit_1_lease] => Array
        (
        )

[unit_1_levels] => 
    [unit_1_rent] => Array
        (
        )

[unit_2_bathrooms] => 
    [unit_2_bedrooms] => 
    [unit_2_floor] => 
    [unit_2_lease] => Array
        (
        )

[unit_2_levels] => 
    [unit_2_rent] => Array
        (
        )

[unit_3_bathrooms] => 
    [unit_3_bedrooms] => 
    [unit_3_floor] => 
    [unit_3_lease] => Array
        (
        )

[unit_3_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_4_bathrooms] => 
    [unit_4_bedrooms] => 
    [unit_4_floor] => 
    [unit_4_lease] => Array
        (
        )

[unit_4_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_level] => 
    [unit_number] => 
    [units_owner_occupied] => 
    [unparsed] => Array
        (
            [0] => 228-244 Washington Street, Lynn MA 01908
        )

[utilities] => Array
        (
        )

[view] => Array
        (
        )

[water] => Array
        (
        )

[water_expense] => Array
        (
            [0] => $0
        )

[water_views] => Array
        (
        )

[water_views_features] => Array
        (
        )

[waterfront] => No
    [waterfront_features] => Array
        (
        )

[year_built] => 1923
    [year_built_details] => 
    [year_built_source] => 
    [year_renovated] => 
    [zip] => 01908
    [zoning] => R5
    [zoning_details] => Legal Conforming
    [media] => Array
        (
            [0] => Array
                (
                    [id] => 7623266
                    [name] => MLS1.jpg
                    [type] => gallery
                    [category] => image
                    [url] => https://www.bostonrealestate.com/wp-content/uploads/WPL/343777/MLS1.jpg
                    [index] => 1
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:02
                    [modified] => 2024-05-07 07:57:02
                )

[1] => Array
                (
                    [id] => 7623707
                    [name] => MLS2.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=2
                    [index] => 2
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[2] => Array
                (
                    [id] => 7623708
                    [name] => MLS3.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=3
                    [index] => 3
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[3] => Array
                (
                    [id] => 7623709
                    [name] => MLS4.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=4
                    [index] => 4
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[4] => Array
                (
                    [id] => 7623710
                    [name] => MLS5.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=5
                    [index] => 5
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[5] => Array
                (
                    [id] => 7623711
                    [name] => MLS6.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=6
                    [index] => 6
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[6] => Array
                (
                    [id] => 7623712
                    [name] => MLS7.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=7
                    [index] => 7
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[7] => Array
                (
                    [id] => 7623713
                    [name] => MLS8.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=8
                    [index] => 8
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[8] => Array
                (
                    [id] => 7623714
                    [name] => MLS9.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=9
                    [index] => 9
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[9] => Array
                (
                    [id] => 7623715
                    [name] => MLS10.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=10
                    [index] => 10
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[10] => Array
                (
                    [id] => 7623716
                    [name] => MLS11.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=11
                    [index] => 11
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[11] => Array
                (
                    [id] => 7623717
                    [name] => MLS12.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=12
                    [index] => 12
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[12] => Array
                (
                    [id] => 7623718
                    [name] => MLS13.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=13
                    [index] => 13
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[13] => Array
                (
                    [id] => 7623719
                    [name] => MLS14.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=14
                    [index] => 14
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[14] => Array
                (
                    [id] => 7623720
                    [name] => MLS15.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=15
                    [index] => 15
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[15] => Array
                (
                    [id] => 7623721
                    [name] => MLS16.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=16
                    [index] => 16
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

[16] => Array
                (
                    [id] => 7623722
                    [name] => MLS17.jpg
                    [type] => gallery
                    [category] => external
                    [url] => https://media.mlspin.com/photo.aspx?mls=73185780&w=1024&h=768&n=17
                    [index] => 17
                    [enabled] => 1
                    [created] => 2024-05-07 07:57:08
                    [modified] => 2024-05-07 07:57:08
                )

)

)

EXIT