35-37 Park St
$1,494,986
12
Beds
6
Baths
5,631
Sqft
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$1,494,986
12
Beds
6
Baths
5,631
Living Area
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Property Description
Welcome to your next investment opportunity! 35-37 Park St presents a rare chance to acquire a well-located 6-family property in one of Lynn’s strong and continuously growing rental markets. 7.2% current CAP and fully lead compliant! This large multifamily offers excellent income-producing potential with multiple units, strong cash flow opportunity, and long-term upside for both seasoned investors and owner-occupants looking to build wealth through real estate. New front entrance with with granite steps, new fencing, new concrete around foundation, new landscaping, repaired siding, rear porch, exterior of building. Conveniently located near major highways, public transportation, shopping, restaurants, schools, parks, and downtown Lynn. With consistent rental demand and future value-add potential, this is an ideal opportunity for investors looking to generate steady rental income while benefiting from long-term appreciation.
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Highlights
- Heating: Hot Water
- Parking Spots: 6
- Property Type: 5-9 Family
- Total Rooms: 27
- Status: Active
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Flooring: Tile, Vinyl, Carpet, Varies, Hardwood
- Interior Features: Living Room, Dining Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R4
- Basement: Full, Interior Entry, Unfinished
- Exterior Features: Decorative Lighting
- Foundation: Stone, Brick/Mortar
- Lot Features: Level
- Roof: Rubber
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
- Parking Features: Paved Drive, Off Street, Driveway, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,164,400
- Tax Year: 2025
- Total Rent: $12,400
- Rental Fee Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)
- Taxes: $12,063
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