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$3,100,000
46 Beds
- 8 Baths
4 full baths + 4 half baths
10,585sqft
374-378 Washington St, Lynn, MA 01901
$3,100,000
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Multi Family
Built in 1912
$-- HOA
0.07 acre lot
$293/sq.ft
Description
376 Washington Street offers a rare chance to acquire a stabilized multifamily asset in the heart of Lynn. The property includes 46 furnished SRO units with shared kitchens, coin-op laundry, four full and four half bathrooms. Supported by newer building systems, it delivers operational efficiency, reduced near-term capital needs, and a strong 10% cap rate with consistent occupancy and reliable cash flow. Professionally managed with staffing and compliance in place, it ensures a seamless transition for new ownership. Located in a federally designated Opportunity Zone, it provides potential tax benefits alongside strong performance. Monthly rent is approximately $46,516, an...
Continue ReadingProperty Details
Status
Pending
Type
Multi Family
No. of Stories
4
County
City
Neighborhood
--
Year Built
1912
HOA Fees
-
Finished Area
10,585 sqft
Lot Size
0.07 acre lot
Basement Area
- sqft
MLS Name
MLS Property Information Network
MLS Number
73430774
MLS Status
Under Agreement
Days on Market
81
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