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55 Broad Street, Diamond DistrictLynn, MA 01902Price: $4,100,000

  • Price: $4,100,000
  • Est. Mortgage of $/month
  • 90 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $4,100,000List Price
  • 28Bedrooms
  • 18Bathrooms
  • 0.36Acreage
  • 14,226Square Feet
Under Agreement

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Listed by Dan Pouladian and Sara Pouladian of North Shore Realty Advisors
55 Broad Street in Lynn, Massachusetts is a brick garden-style apartment building built in 1974 and consists of 18 units, 20 surface parking with on-site laundry facility. The property boasts an attractive unit-mix which consists of one (1) Studio, eleven (11) one-bedroom units and six (6) two-bedroom units. The total rentable square footage is 14,226 with a total gross square footage of 15,393 and situated on a tree lined corner lot of .36 acres (15,582 square feet). 55 Broad offers investors a strong rental history and the opportunity to bring undervalued rents to market through strategic renovations of the apartments. The current ownership has completed many capital improvements, such as replacement of high-efficient dual boilers and storage tank, varying unit renovations, parking lot retaining wall and repaving/striping, replacement of 75% of patio sliders and rear entrance stairs.

Property Details of 55 Broad Street, Diamond District

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