7
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$5,189,000
Est. payment /mo
18 BD
21 BA
17,120 SqFt
Price Dropped by $100K
116-124A Central Lynn, MA 01901
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UPDATED:
02/09/2025 08:06 AM
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 17,120 sqft
Price per Sqft $303
MLS Listing ID 73319745
Bedrooms 18
Full Baths 21
Year Built 1920
Annual Tax Amount $52,431
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
116-124A Central, Lynn, MA is a prime mixed-use property featuring 18 residential apartments and 3 retail spaces in a highly convenient downtown location, steps from public transportation. Located in an Opportunity Zone, this property offers significant investment advantages. Recent renovations include repointing the front masonry wall, full lead compliance, replacement of three main sewer lines, and complete renovations of 2 commercial spaces and 12 apartments. Additionally, the building features coin-operated laundry in the basement, adding extra income potential. This well-maintained property is a standout investment in the heart of Lynn.
Location
State MA
County Essex
Zoning Mixed-Use
Direction Central Street
Exterior
Roof Type Rubber
Garage No
Building
Lot Description Level
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Greenville Real Estate Group, Inc.
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