Lynn, MA 01904,303 Broadway
Lynn, MA 01904,303 Broadway
Lynn, MA 01904,303 Broadway
Lynn, MA 01904,303 Broadway
Lynn, MA 01904,303 Broadway
Lynn, MA 01904,303 Broadway
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$3,800,000

$4,000,000

5.0%
Est.Price: ?

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Est. payment /mo

29 Beds

17 Baths

12,528 SqFt


SOLD DATE : 10/28/2024

Key Details

Sold Price $3,800,000

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Sold

Purchase Type For Sale

Square Footage 12,528 sqft

Price per Sqft $303

MLS Listing ID 73269528

Sold Date 10/28/24

Bedrooms 29

Full Baths 17

Year Built 1970

Annual Tax Amount $34,602

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Property Description

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.

Location

State MA

County Essex

Zoning BD

Direction Please use GPS

Exterior

Community Features Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School

Roof Type Shingle

Total Parking Spaces 17

Garage No

Building

Story 3

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Others

Senior Community false

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BHRE Brad Hutchinson Real Estate

BHRE Brad Hutchinson Real Estate

+1(781) 665-2222

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Horvath & Tremblay
Bought with Stephen Girolamo • Horvath & Tremblay
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At Brad Hutchinson Real Estate, our main goal is simple: to assist buyers and sellers with making the best, most knowledgeable real estate decisions that are right for you. Whether you’re searching for houses for sale, commercial investment opportunities, or apartments for rent, our independent, committed staff is ready to assist you. We have over 60 years of experience serving clients in and around Melrose and Boston's North Shore.

+1(781) 665-2222

sales@bradhutchinson.com

193 Green Street, Melrose, Massachusetts, 02176, United States

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