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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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62 Nahant St. , Lynn, MA 01901
$1,300,000
Est. Payment: $2,888.89/mo
0 Bed
4 Bath
6044 Sqft
Status: Active | Days on site: 62
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C95118 - CN234934
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

62 Nahant St. located in Lynn’s Diamond District is a licensed rooming/lodging house with an active license for 12 SRO. This license could be expanded to 16 SRO through the proper channels. 62 Nahant St. is located on a visible corner lot with off-street parking with close proximity to the beach, downtown and major public transportation. The building is good condition and would be ideal for a non-profit organization to purchase and modify the building for transitional housing programs. The building has a large dry basement which allows for ample storage of tenant or owner property and the garage could be utilized for additional storage. Recent improvement to the building includes a new spiral staircase for egress from the 2nd and 3rd floor. The tenants are all TAW and pay weekly or monthly depending on their in place agreements with ownership. Ownership is willing to seller finance the sale of the property. Terms to be negotiated.
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Highlights

Listed by Jacob VanMeter , 781-854-1037 The Drumlin Group Inc. , 978-741-3696.

Property Type

Commercial Sale
Lot/Acreage
0.16

Year Built

1893

County

Essex

Area

Diamond District

Listing ID

73550879

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:

Exterior Features

Zoning:Legal Non-Conforming
Roof:Rubber
Principal Interest
$2,889
Taxes
$987

Home Price

$1,300,000

Loan Details

30 yrs
%

Down Payment

20%
$260,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,888.89 $987.00 $0.00 $3,875.89
Yearly $34,666.67 $11,844.00 $0.00 $46,510.67
Total $1,040,000.00 $355,320.00 $0.00 $1,395,320.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lynn, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.