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Lynch Street Apartments 10-14 Lynch St 12 Unit Apartment Building $4,746,128 CAD ($395,511 CAD/Unit) Salem, MA 01970
EXECUTIVE SUMMARY
The Mega Group has been retained on an exclusive basis to present 10-14 Lynch Street, a 11,519 +/- square foot 12-unit brick apartment building with nine off-street parking spaces situated on a 6,460 +/- square feet corner lot. The unit makeup is four (4) 3-bedroom apartments and eight (8) 2-bedroom apartments, each unit has one (1) bathroom and is individually metered for electricity with heat and hot water by natural gas supplied by the landlord. All twelve units are de-leaded. Hookups are in place for coin-operated laundry facilities. All occupants are Tenant-At-Will which offers an extraordinary Value Add Opportunity simply by bringing rents to market value with minimal capital improvements needed.
10-14 Lynch Street is located in Salem Massachusetts within walking distance to both Salem State University and the historic downtown amenities such as tourist attractions, restaurants, breweries and the waterfront activities.
Buyer should really be experienced with I/O loans, cash or 1031.
10-14 Lynch Street is located in Salem Massachusetts within walking distance to both Salem State University and the historic downtown amenities such as tourist attractions, restaurants, breweries and the waterfront activities.
Buyer should really be experienced with I/O loans, cash or 1031.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 4 | - | 1,000 |
| 2+1 | 8 | - | 1,000 |
1 1
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | SALE-000034-000000-000191 | Improvements Assessment | $2,427,424 CAD |
| Land Assessment | $1,361,567 CAD | Total Assessment | $3,788,991 CAD |
PROPERTY TAXES
Parcel Number
SALE-000034-000000-000191
Land Assessment
$1,361,567 CAD
Improvements Assessment
$2,427,424 CAD
Total Assessment
$3,788,991 CAD
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Lynch Street Apartments | 10-14 Lynch St
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