505-509 ChathamLynn, MA 01902MLS Number 73319791

  • Price: $3,300,000
  • Est. Mortgage of $/month
  • 39 Days on Market
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Federal 30-year interest rate: 7.04% last updated on Jan 16, 2025
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505-509 Chatham Lynn MA 01902505-509 Chatham Lynn MA 01902
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  • 22Bedrooms
  • 0.32Acreage
  • 12Bathrooms
  • 1910Year Built
505 Chatham Street, Lynn, MA is a solid investment opportunity featuring a 12-unit brick building on a large lot with 12 parking spaces. The apartments consist mostly of spacious 2-bedroom units, with a couple of 1-bedroom units, all fully deleaded. Many windows have been recently replaced, and the property includes coin-operated laundry in the basement, adding extra income potential. This well-maintained property offers strong rental income and excellent cash flow, making it a standout in Lynn's rental market
Listed by Oleg Elisev of Greenville Real Estate Group,Inc.

Driving Directions

Colonial Manor Realty
Colonial Manor Realty
Office: 781-844-9371
127 Franklin St
Reading, MA 01867

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More Info

Basic Information

  • Gross Income $304,029
  • Lot Features Level
  • Mls StatusActive
  • Parcel Number 1997894

Location

  • Address505-509 Chatham
  • Building Number505-509
  • CountyEssex
  • StateMA
  • StreetChatham
  • TownLynn
  • Zip01902

Property Information

  • Building Area Source Owner
  • Living Area 13,810
  • Lot Size Square Feet 13,759
  • Lot Size Units Acres
  • Square Feet13,810

Tax Information

  • Tax Assessed Value $279,670
  • Tax Year 2024
  • Taxes$30,185

Basic Information

  • List Price$3,300,000
  • MLS Number73319791
  • Modification Date12/17/2024
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.32

Utilities

  • Sewer Public Sewer
  • Water Source Public

Amenities

  • Other AmenitiesBasement

Other

  • Date Listed12/13/2024
  • Farm Land Area Units Square Feet
  • View Count4

Parking

  • Parking Spaces12

Rooms

  • Bathroom12
  • Bathrooms Total Decimal 12
  • Bedrooms22
  • Full Bath12

Building

  • Building Area Units Square Feet
  • FoundationBlock
  • Rooms99
  • Stories3
  • Units12
  • Year Built1910
  • Year Built Details Actual
  • Year Built Source Public Records
Listed by Oleg Elisev of Greenville Real Estate Group,Inc.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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