Sparkling Clean

Licensed Rooming/ Boarding house in Highly Desirable Diamond District, a Few Blocks from the Beach! Income Producing all while in PRIME LOCATION. Great corner lot, Large 2 car detached garage ( rented separately for bonus income!) and a full dry basement with high ceilings with tons of storage space.

13 current rental units (including a separate 1-bedroom apartment) and an office space that can potentially be another rentable room (14 total). All roms include closets and some are extra large potentially being able to add more beds for more income- buyer to verify. Scheduled showings of common areas then others after offer acceptance Pre-approval or proof of funds required prior to showings.

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on 62 Nahant St
in Lynn, MA



Property MLS #73173217 from MLSPIN

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+ Bedrooms

Bedrooms: 13

+ Other Rooms

Total Rooms: 15
Basement Description: Full

+ Bathrooms

Total Bathrooms: 3.5
Full Bathrooms: 3
1/2 Bathrooms: 1

+ Interior Features

Laundry Room
Flooring: Hardwood

+ Heating and Cooling

Heating Features: Oil
Heating: Yes
Number of Fireplaces: 1

+ Exterior and Lot Features

Rain Gutters
Professional Landscaping
Patio And Porch Features: Porch
Road Frontage Type: Public

+ Waterfront and Water Access

Beach Front
Ocean
Walk to
0 to 1/10 Mile To Beach
Beach Ownership(Public)

+ Garage and Parking

Covered Spaces: 1
Garage Spaces: 1
Open Parking: Yes
Parking Features: Paved
Parking Total: 4

+ Land Info

Lot Description: Corner Lot
Lot Size Acres: 0.15955
Lot Size Square Feet: 6950

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Rental Info

Gross Income: 130296

+ Multi-Unit Info

Number of Units: 13

+ Amenities and Community Features

Community Features: Public Transportation, Shopping

+ Other Property Info

Annual Tax Amount: 10555
Source Listing Status: Active
County: Essex
Directions: Lynn Shore Drive to Nahant Street. Park on Baltimore st.
Tax Year: 2023
Source Property Type: Residential Income
Exclusions: Personal Property In Apartments.
Parcel Number: M:081 B:579 L:019, 2002110
Postal Code Plus 4: 3305
Zoning: R2
Property Subtype: 5+ Family - Rooming House
Source System Name: C2C
+ Reveal Property Sale History

Listed 2023-10-23
$1,599,000
MLSPIN

+ Commercial Info

Net Operating Income: 70663

+ Utilities

Electric: Circuit Breakers
Sewer: Public Sewer
Water Source: Public

+ Building and Construction

Year Built: 1893
Building Area Total: 4039
Building Area Units: Square Feet
Foundation Details: Stone, Brick/Mortar
Property Age: 131
Levels or Stories: 3
Year Built Details: Approximate
Year Built Source: Public Records

+ Display Complete School Details

Harrington Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions

Thurgood Marshall Middle School is a public middle school located approximately 0.8 miles away.
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Fecteau-Leary Junior/Senior High School is a public middle and high school located approximately 0.9 miles away.
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St Marys Jr-Sr High School is a private middle and high school located approximately 0.7 miles away.
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