Listed at a 6.99% cap rate on current income, 119 Lewis St is a three-story brick building and contains twenty-four total units, consisting of twenty-one 1-Bedroom/1-Bathroom units and three two-room Studio units. Over the last several years, the current ownership has renovated hallways and common areas, and installed a new rubber roof and new windows. Each unit is separately metered for electricity, which the tenants pay directly. There is a coin-op laundry room on-site for tenants. 119 Lewis Street is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square.
Mls | 73279413 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Pending |
Year | 1911 |
Days On Site | 110 |
Listing Provided By | Horvath & Tremblay | Stephen Girolamo |
Beds | 24 |
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Baths | 24 Total |
Sq Feet | 12,765 |
Pool | Yes |
Storys | 3 |
Units | 24 |
Zoning | BD |
Acreage | 0.29 |
Water Front | Yes |
State | MA |
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County | Essex |
City | Lynn |
Zip Code | 01902 |
Area | Essex |
Listing VS Median (in 01902) | |
Price: $4,900,000 low | high Med: $349,000 SqFt: 12,765 low | high Med: 1,095 $ / SqFt: $384 low | high Med: $321 On Site: 110 low | high Med: 61.500000 |