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Key Details
Sold Price $4,800,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 12,765 sqft
Price per Sqft $376
MLS Listing ID 73279413
Sold Date 12/13/24
Bedrooms 24
Full Baths 24
Year Built 1911
Annual Tax Amount $46,730
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Property Description
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.
Location
State MA
County Essex
Zoning BD
Direction Please use GPS
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Waterfront Description Beach Front,1/2 to 1 Mile To Beach
Roof Type Rubber
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Stephen Girolamo • Horvath & Tremblay
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