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Adam Dow

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

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71 Harwood St , Lynn, MA 01902
$3,100,000
Est. Payment: $6,888.89/mo
12 Bed
12 Bath
10224 Sqft
Status: Price Changed | Days on site: 38
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AN2885 - CN241399
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House Description

Exceptional value-add investment opportunity in the heart of Lynn! This well-maintained 12-unit apartment building features twelve 1-bedroom, 1-bath units across three stories, offering an ideal addition to any investment portfolio. Four units have been tastefully renovated, providing immediate upside while leaving significant potential to further increase value through additional unit improvements. Ownership has completed significant capital improvements throughout the property over the past decade, including upgrades to unit interiors, building systems, and common areas, reflecting a strong history of investment and pride of ownership. Recent common area updates, including beautifully refinished and varnished hardwood floors and staircases, further enhance the property's appeal. Conveniently located near public transportation, shopping, dining, schools, and other everyday amenities, the property offers excellent accessibility for tenants. A rare opportunity to acquire a stabilized asset with substantial long-term income and appreciation potential in the growing Lynn market.

Highlights

Listed by Katy Loucks , 603-770-7877 Lamacchia Realty, Inc. , 339-645-9300.

Property Type

Multi-Family

Lot/Acreage
0.18

Year Built

1905

County

Essex

Listing ID

73561330

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:12
  • Bathrooms:12
  • Full Bathrooms:12
Floor:Wood,Tile,Vinyl
Water:Public

Exterior Features

Garage Capacity:6
Zoning:R4
Roof:Rubber
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Paved,Parking Spaces: 6
Principal Interest
$6,889
Taxes
$2,044

Home Price

$3,100,000

Loan Details

30 yrs
%

Down Payment

20%
$620,000
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Monthly Price:
$6,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,888.89 $2,043.83 $0.00 $8,932.72
Yearly $82,666.67 $24,526.00 $0.00 $107,192.67
Total $2,480,000.00 $735,780.00 $0.00 $3,215,780.00

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.