Multi-Family for Sale: 303 Broadway, Lynn, MA 01904 SOLD

29 beds
17 full baths
12,528 sqft
$3,800,000
$3,800,000
303 Broadway, Lynn, MA 01904 SOLD
29 beds
17 full baths
12,528 sqft
$3,800,000
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Selling Price: $3,800,000
Original List Price: $4,000,000
Sold at 95.0% of list price
Sold Date: 10/28/2024

Type Multi-Family
Beds 29
Total Baths 17 full baths
Square Feet 12,528 sqft
Lot Size 0.26 acres
Year Built 1970

City Lynn
County Essex

MLS 73269528
Status Closed
DOM 95 days
303 Broadway is a three-story brick building containing 17 units comprised of (12) 2-Bedroom/1-Bathroom units and (5) 1-Bedroom/1-Bathroom units. The Property also features storage in the basement for tenants, an on-site laundry facility, and parking for 17 vehicles. The Property is separately metered for electricity and gas fired heat (hot water baseboard) which the tenants pay, the Landlord pays for common area electric, hot water, and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.

Lot & Building Features

Sewer Public Sewer
Tax Year 2024
Taxes Paid $34,602
Water Public
Foundation Brick/Mortar
Roof Shingle
Full Baths 17
Parking Assigned, Paved Drive, Off Street
Total Rooms 63
Garage Spaces 0

Price History of 303 Broadway, Lynn, MA

Date Name Price Difference
07/25/2024 Listing Price $3,800,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 303 Broadway, Lynn, MA

Location Map Street View
Photo of Steve Rosseel, SRES
Direct: 617-413-4686
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Horvath & Tremblay, Dennis Kelleher
Sold by Horvath & Tremblay, Stephen Girolamo
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6.75%
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Horvath & Tremblay

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.