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$3,900,000
7 Days On Site

229 Lewis St
Lynn, MA 01902

For Sale|Commercial Sale|Active
0
Beds
10
Full Baths
0
Partial Baths
12,500
SqFt
$312
/SqFt
2010
Built
County:
Essex

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229 Lewis St229 Lewis St229 Lewis St229 Lewis St
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~~~~~High Return Ratio ~~~ 10 unit mixed use brick building built from ground up in 2010. Newer roof, newer plumbing, newer electrical, central AC all commercial grade. Hard wired smoke and sprinkler system as well. Property consists of (5) commercial retail units on first level. (Five) 3 bed 1 bath apartments on 2nd and 3rd floors in excellent condition. Washer and dryer hookups in all apartments. Tenants pay all utilities. All tenants have leases. Commercial tenants have rate increases built in yearly. Absolutely no deferred maintenance, nothing to do but collect your rents and watch as they increase. Laundry mat's business asset comes with the sale for free.

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Listing Snapshot
Price 
$3,900,000
Days On Site 
7 Days
Bedrooms 
N/A
Inside Area (SqFt) 
12,500 sqft
Total Baths 
10
Full Baths 
10
Partial Baths 
N/A
Lot Size 
0.13 Acres
Year Built 
2010
MLS® Number 
73326304
Status 
Active
Property Tax 
$17,946.27
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.13
Disclosures 
Seller is the owner of Laundromat. Business and equipment convey with the sale. After all expenses paid,roughly 5k $ profit per month. This is expressed in total NOI. Seller's agent make no representation. Buyer/ Buyer agent to do their own due diligence for all accurate info prior to closing.
Parking Spaces 
2
SqFt Total 
12500
Zoning 
BD
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Listing courtesy of Rebecca Huang of East West Real Estate, LLC



The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Data Last Updated at 2024-10-30 12:00 AM UTC

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