505-509 Chatham Active Save Request In-Person Tour Request Virtual Tour
Lynn,MA 01902
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 13,810 sqft
Price per Sqft $238
MLS Listing ID 73319791
Bedrooms 22
Full Baths 12
Year Built 1910
Annual Tax Amount $30,185
Tax Year 2024
Lot Size 0.320 Acres
Property Description
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
Location
State MA
County Essex
Zoning R4
Building
Lot Description Level
Story 3
Foundation Block
Sewer Public Sewer
Water Public