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- LoopNet Team
119 Essex St
Lynn, MA 01902
Permitted, 24 Unit Development Opportunity · Land For Sale
·
0.15 AC
Investment Highlights
- 24 Unit - Aged restricted
- Shovel ready
- Permitted
- Plans available
Property Facts
| Property Type | Land | Total Lot Size | 0.15 AC |
| Property Subtype | Residential | No. Stories | 2 |
| Proposed Use | Apartment Units - Senior | ||
| Zoning | BD - Multi-Family, General Business | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Senior |
| Total Lot Size | 0.15 AC |
| No. Stories | 2 |
| Zoning | BD - Multi-Family, General Business |
Description
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.
Property Taxes
| Parcel Number | LYNN-000095-000481-000029 | Improvements Assessment | $0 |
| Land Assessment | $1,248,000 | Total Assessment | $1,248,000 |
Property Taxes
