~~~~ High 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. See attached Lease Summary.
For sale
$3,900,000
229 Lewis St, Lynn, MA 01902
15beds
12,500sqft
Est.:
5-9 Family
Built in 2010
-- sqft lot
$3,788,100 Zestimate®
$312/sqft
$-- HOA
What's special
Central acCommercial retail unitsNewer roofWasher and dryer hookupsNewer plumbingExcellent condition
- 130 days
- on Zillow |
- 220 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: May 15, 2025 at 02:29pm
Listed by:
Rebecca Huang,
East West Real Estate, LLC
Source: MLS PIN,MLS#: 73326316
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 10
- Full bathrooms: 10
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 12,500
- Total interior livable area: 12,500 sqft
- Finished area above ground: 12,500
Property
Parking
- Total spaces: 2
- Parking features: Paved Drive
- Has uncovered spaces: Yes
Lot
- Size: 5,655 Square Feet
- Features: Corner Lot
Details
- Parcel number: M:093 B:519 L:026
- Zoning: BD
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5-9 Family
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Shopping
Location
- Region: Lynn
Financial & listing details
- Price per square foot: $312/sqft
- Tax assessed value: $1,704,300
- Annual tax amount: $17,946
- Date on market: 1/15/2025
- Total actual rent: 24840
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