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29-35 Sagamore St
Lynn, MA 01902
Multifamily Property For Sale
·
12 Units
Executive Summary
29-35 Sagamore Street presents a rare opportunity to acquire two adjacent, fully occupied 6-unit multifamily buildings in a highly desirable coastal neighborhood of Lynn. The properties consist of twelve total apartments comprised of six 2-bedroom / 1-bathroom units and six 1-bedroom / 1-bathroom units, along with 12+ off-street parking spaces and an on-site laundry facility. Located just moments from the beach, the asset benefits from strong tenant demand driven by its coastal setting, access to public transportation, and convenient connectivity to Boston and the North Shore. With all units occupied, 29-35 Sagamore Street presents a turnkey investment opportunity with immediate in-place income and long-term upside potential.
Property Facts
| Price Per Unit | $220,750 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 8,694 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | Parking Ratio | 1.38/1,000 SF |
| Building Class | C | ||
| Zoning | R-5, Lynn | ||
| Price Per Unit | $220,750 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 8,694 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R-5, Lynn |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Sprinkler System
- Basement
- Deck
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | LYNN-000081-000581-000010 | Improvements Assessment | $1,371,100 |
| Land Assessment | $984,000 | Total Assessment | $2,355,100 |
Property Taxes
Parcel Number
LYNN-000081-000581-000010
Land Assessment
$984,000
Improvements Assessment
$1,371,100
Total Assessment
$2,355,100
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