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MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.

MLS Listing ID: 73222386
Listing Price: $1,700,000
Listing Status: Active [?]
Property Type: Multi Family
Bedrooms: 9
Full Baths: 4
Living Space: 4131 sf.
Lot Size: 0.11 acres (5000 sf.)
Parking: Yes
Taxes: $9,078.00
Tax Year: 2023

Listing Current as of June 14, 2024 9:00am

This listing brought to you by Raymond Clements of Investment Property Advisors.

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