Price Reduced 6.25%

$1,499,000

Est. Mortgage $7,778/mo *

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119 Essex St, Lynn, MA, 01902

119 Essex St, Lynn, MA, 01902
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Builders/Developers/RE Portfolio Mgrs...Fully permitted "shovel ready" Age-Restricted development opportunity with permits in place. Take advantage of existing building permits and rights to build 24 Apartments consisting of 4 Studios and 20 1BR apartments. Once stabilized, the bldg will produce a steady income, low turnover and a valuable addition to your portfolio—initial occupancy rents on file for serious inquiries. Get in now to secure the opportunity to "build new." This development satisfies Lynn's Inclusionary zoning requirements.

Status:

Active

Type:

Lot / Acreage

Zoning:

BD

Frontage:

70.00

Acreage:

0.15

Est. Taxes:

$2,464

Assessment

$234,000

Lot Description:

Level, Corner Lot, Cleared, Curbs & Gutters, Sidewalks, Lot Staked

Adult Communities:

Yes

Amenities:

Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks

Elementary School:

Ingalls

Middle School:

T. Marshall

High School:

English-Stmarys

MLS #:

73210571

Buyer Agent Compensation:

2.0

Facilitator Compensation:

1.0

Compensation Based On:

Gross/Full Sale Price

Sub-Agency Relationship Offered:

No

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Lou Markakis, Lynnway Associates Phone: 781-558-8518