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33 High St
Lynn, MA 01902
33 High Street · Multifamily Property For Sale
·
40 Units
Investment Highlights
- High Occupancy, rent stable subsidized investment.
Executive Summary
Established rooming house with master tenant. Great downtown location. Convenient to Commuter Rail, Beach, Shopping, Restaurants, entertainment and cultural events. On-site manager. Rents are collected by a housing authority through a master lease.
Property Facts
| Price Per Unit | $98,455 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 8.62% | Building Size | 13,773 SF |
| No. Units | 40 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R5 - R5 | ||
| Price Per Unit | $98,455 CAD |
| Sale Type | Investment |
| Cap Rate | 8.62% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 13,773 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | R5 - R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 38 | $1,562 CAD | - |
| Studios | 1 | $2,377 CAD | - |
Property Taxes
| Parcel Number | LYNN-000083-000620-000019 | Improvements Assessment | $2,655,569 CAD |
| Land Assessment | $1,344,420 CAD | Total Assessment | $3,999,989 CAD |
Property Taxes
Parcel Number
LYNN-000083-000620-000019
Land Assessment
$1,344,420 CAD
Improvements Assessment
$2,655,569 CAD
Total Assessment
$3,999,989 CAD
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