229 Lewis St, Lynn MA 01902 – 15 bed 10 bath For Sale – 73326316
Overview
- Updated On:
- January 19, 2025
-
- 73326316
- 15 Bedrooms
- 10 Bathrooms
- 0 Garage Spaces
- 2 Non-Garage Parking Spaces
- 2010
Description
~~~~~7% Return Ratio ~~~ 10 unit mixed use brick building built from ground up in 2010. Newer roof, newer plumbing, newer electrical, central AC all commercial grade. Hard wired smoke and sprinkler system as well. Property consists of (5) commercial retail units on first level. (Five) 3 bed 1 bath apartments on 2nd and 3rd floors in excellent condition. Washer and dryer hookups in all apartments. Tenants pay all utilities. All tenants have leases. Commercial tenants have rate increases built in yearly. Absolutely no deferred maintenance, nothing to do but collect your rents and watch as they increase. Laundry mat’s business asset comes with the sale for free.
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 3,900,000 |
| Living Area | 12,500.00 ft2 |
| Bedrooms | 15 |
| Total Rooms | 25 |
|---|---|
| Listing MLS ID | 73326316 |
| Days on Market | 4 |
| Bathrooms | 10 |
Unit Information
| Bedrooms | 15 |
|---|---|
| Full Bathrooms | 10 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 2 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | None |
| Outdoor Space Available | |
| Living Area Includes Basement | |
| Patio And Porch Features | |
| Parking Features | Paved Drive |
| Waterview Features | |
| Flooring |
Building Information
| Building Name | |
|---|---|
| Units in Building | 10 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials |
| Year Built | 2010 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | |
| Roof |
Additional Details
| Community Features | Shopping |
|---|---|
| Disclosures | Seller is the owner of Laundromat. Business and equipment convey with the sale. After all expenses paid,roughly 5k $ profit per month. This is expressed in total NOI. Seller's agent make no representation. Buyer/ Buyer agent to do their own due diligence for all accurate info prior to contract. |
| Last Updated | 2025-01-19T08:05:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | M:093 B:519 L:026 |
| Original List Price | 3900000 |
| Listing Office | east west real estate, llc |
| Tax Annual Amount | 17946.27 |
|---|---|
| Tax Assessed Value | 1704300 |
| Tax Book Number | 0 |
| Tax Year | 2024 |
| Year Built Details | Actual,Approximate |
| Year Built Source | Public Records |
| Zoning | BD |
| Listing Agent | rebecca huang |
Amenities and Features
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229 Lewis St, Lynn MA 01902 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
229 Lewis St, Lynn MA 01902 – 15 bed 10 bath For Sale – 73326316
$ 3,900,000
Status: Active
229 Lewis St, Lynn MA 01902, Lynn, , Essex 01902
Country: US
Property Overview
MLS #: 73326316
Type: 5-9 Family /
Action: Residential Income
Year Built: 2010 (Actual,Approximate, Source: Public Records, Effective: )
Living Area: 12,500.00 ft2 (Total: 12500 Square Feet, Source: Public Records)
Lot Size: 0.13 ft2 (Area: 0.13 Acres, SqFt: 5655)
Total Rooms: 25
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 15 (Main Level: )
Bathrooms: Total: 10 (Full: 10, Half: 0, Decimal: 10, Main Level: )
Basement:
Fireplaces: 0 ()
Flooring:
Laundry:
Window Features:
Door Features:
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials:
Foundation: Concrete Perimeter (Area: )
Roof:
Stories: 10 ()
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities:
Electric: (Expense: )
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 2
Parking Features: Paved Drive
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Corner Lot
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Shopping
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: BD ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
Property Description
~~~~~7% Return Ratio ~~~ 10 unit mixed use brick building built from ground up in 2010. Newer roof, newer plumbing, newer electrical, central AC all commercial grade. Hard wired smoke and sprinkler system as well. Property consists of (5) commercial retail units on first level. (Five) 3 bed 1 bath apartments on 2nd and 3rd floors in excellent condition. Washer and dryer hookups in all apartments. Tenants pay all utilities. All tenants have leases. Commercial tenants have rate increases built in yearly. Absolutely no deferred maintenance, nothing to do but collect your rents and watch as they increase. Laundry mat’s business asset comes with the sale for free.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 10
Units Owner Occupied:
Unit 1: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 3000, Lease: Y
Unit 2: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2100, Lease: Y
Unit 3: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 2, Rent: 2100, Lease: Y
Unit 4: Beds: 3, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 2100, Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 17946.27 (Year: 2024)
Tax Assessed Value: 1704300
Tax Block/Lot/Book/Map: / / 0 /
Parcel Number: M:093 B:519 L:026
Special Licenses:
Current Financing:
Gross Income: 298080 (Scheduled: )
Net Operating Income: 127940
Operating Expense: 8860 (Water/Sewer: 360, Insurance: 8500)
Financial Data Source:
APOD Available: Yes
Tenant Pays:
Rent Includes:
Total Actual Rent: 24840
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: (MLS ID: CN207682) / Team:
Listing Office: (MLS ID: AN2376)
Agent (Property):
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2025-01-15
Expiration Date: 1900-01-01
Original List Price: 3900000
Price Per SqFt (List): 312
Market Time (Property): 4 (Broker: 4, Prev Broker: , Prev Property: 0)
MLS Status: Active
Possession:
Directions: Corner of Lewis and Chestnut
Disclosures: Seller is the owner of Laundromat. Business and equipment convey with the sale. After all expenses paid,roughly 5k $ profit per month. This is expressed in total NOI. Seller's agent make no representation. Buyer/ Buyer agent to do their own due diligence for all accurate info prior to contract., N
Lead Paint: None
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag:
Listing Alert: No
Square Feet Disclosures: (Incl. Base: No, Other: )
Master Book/Page: / (Page: 0)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 1620371
Modification Timestamp: 2025-01-19T08:05:00.000Z
Bridge Modification Timestamp: 2025-01-19T08:22:24.221Z
Original Entry Timestamp: 2025-01-15T16:04:00.000Z
Status Change Timestamp: 2025-01-15T16:04:00.000Z
Off Market Date:
Development Status:
Business Type:
