We are pleased to present a rare opportunity to acquire 145 Lewis Street, a 25-unit multifamily asset located in the highly desirable Diamond District of Lynn, MA. Held by the same ownership for more than 25 years and fully rebuilt in 2015. The property offers investors a 6.8% CAP rate on current income on this 10-year-young asset with strong in-place rents and ability to improve for future growth and no capital improvements needed to achieve returns. The building consists of twenty-five (25) thoughtfully designed floor plans, including eighteen (18) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom/two-bathroom unit. This desirable unit-mix along with amenities such as laundry facilities and on-site storage create long term revenue stream and tenant retention.
17,407 Sq Ft
0.19 Private Acres Lot Size
investment
$5,386 Monthly Tax
Built in 2015
MLS/Listing ID 73500404
3 Stories
25 Units
Laminate
Tile
Vinyl
Natural Wood
Rain Gutters
Construction - Frame
Community - Park
Community - Public Transportation
Community - Shopping
Public Water
Public Sewer
Ocean
Beach Ownership - Public
0 to 1/10 Mile To Beach
Rubber
Varies per Unit
Professional Landscaping
Decorative Lighting
Insulated Doors
Community - Walk/Jog Trails
Community - University
Community - T-Station
Community - Public School
Community - Laundromat
Concrete Perimeter
Lot - Corner Lot
Insulated Windows
TOTAL MONTHLY COST
$0
$0
$0