10-14 Lynch St - Apartments FOR SALE


Salem, MA 01970- South Salem
$3,400,000 USD
978-762-9771
10-14 Lynch St, Salem, MA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

10-14 Lynch St
Salem, MA 01970
South Salem


OVERVIEW

The Mega Group has been retained on an exclusive basis to present 10-14 Lynch Street, a 11,519 +/- square foot 12-unit brick apartment building with nine off-street parking spaces situated on a 6,460 +/- square feet corner lot. The unit makeup is four (4) 3-bedroom apartments and eight (8) 2-bedroom apartments, each unit has one (1) bathroom and is individually metered for electricity with heat and hot water by natural gas supplied by the landlord. All twelve units are de-leaded. Hookups are in place for coin-operated laundry facilities. All occupants are Tenant-At-Will which offers an extraordinary Value Add Opportunity simply by bringing rents to market value with minimal capital improvements needed. 10-14 Lynch Street is located in Salem Massachusetts within walking distance to both Salem State University and the historic downtown amenities such as tourist attractions, restaurants, breweries and the waterfront activities. Buyer should really be experienced with I/O loans, cash or 1031.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

12

PRICE/UNIT

$283,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lynch Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,460 SF

ZONING

R3, Salem

APN/PARCEL ID

SALE-000034-000000-000191

ASK ABOUT THIS PROPERTY

Brian DApiceThe Mega GroupMore Info
978-762-9771

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Brian DApiceThe Mega GroupMore Info
978-762-9771

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.