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33 High Street 33 High St 40 Unit Apartment Building $2,900,000 ($72,500/Unit) 8.62% Cap Rate Lynn, MA 01902
INVESTMENT HIGHLIGHTS
- High Occupancy, rent stable subsidized investment.
EXECUTIVE SUMMARY
Established subsidy housing investment property. Great downtown location. Convenient to Commuter Rail, Beach, Shopping, Restaurants, entertainment and cultural events. On-site manager. Rents are collected by a housing authority.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,900,000 | Building Class | C |
| Price Per Unit | $72,500 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 13,773 SF |
| Cap Rate | 8.62% | Average Occupancy | 98% |
| No. Units | 40 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R5 - R5 | ||
| Price | $2,900,000 |
| Price Per Unit | $72,500 |
| Sale Type | Investment |
| Cap Rate | 8.62% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 13,773 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | R5 - R5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 38 | $1,150 | - |
| Studios | 1 | $1,750 | - |
1 1
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | LYNN-000083-000620-000019 | Total Assessment | $2,945,500 |
| Land Assessment | $990,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,955,500 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
LYNN-000083-000620-000019
Land Assessment
$990,000
Improvements Assessment
$1,955,500
Total Assessment
$2,945,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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33 High Street | 33 High St
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