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43 High Rock St
Lynn, MA 01902
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Strong income-producing asset featuring an established rent roll and an advertised 7.1% cap rate.
- Three units have been recently renovated
Executive Summary
For SaleActiveMulti-Family6 Units18 Total Beds0.1 AcresUpdated 5 hours ago
8 Photos Map & Location Street View
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
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.
8 Photos Map & Location Street View
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
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.
Property Facts
| Price Per Unit | $316,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.10% | Building Size | 8,148 SF |
| No. Units | 6 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R2, Lynn | ||
| Price Per Unit | $316,667 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 8,148 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | R2, Lynn |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
Property Taxes
| Parcel Number | LYNN-000069-000665-000012 | Improvements Assessment | $1,253,900 |
| Land Assessment | $192,500 | Total Assessment | $1,446,400 |
Property Taxes
Parcel Number
LYNN-000069-000665-000012
Land Assessment
$192,500
Improvements Assessment
$1,253,900
Total Assessment
$1,446,400
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