43 Highrock Street, Lynn, MA 01902

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List Price
$1,650,000
Price Change
▼ $50,000 1792608994
MLS#
73538789
Status
ACTIVE
Type
Commercial
City
Lynn
County
Essex
Bathrooms
6
Year Built
1900

Property Description

Attention investors! Don’t miss this exceptional opportunity to acquire a well-maintained six-unit apartment building featuring spacious three-bedroom units throughout, a strong established rent roll, and an attractive 7.1% cap rate. Three of the units have recently undergone extensive renovations, including brand-new bathrooms, refinished hardwood floors, fresh paint, and numerous additional updates, providing immediate value and future rental growth potential. All units have Letters of Deleading Compliance, offering added value and peace of mind. The property has been professionally maintained and features a heating system that is only 3 years old. This turnkey investment offers a desirable unit mix that continues to attract strong tenant demand and is an excellent opportunity for investors seeking a stable, income-producing asset with significant recent capital improvements and long-term upside potential.

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Eugene L. Clements from Listing Office: Clements Realty Group.