505-509 Chatham
$3,200,000
22
Beds
12
Baths
13,810
Sqft
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$3,200,000
22
Beds
12
Baths
13,810
Living Area
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Property Description
505 Chatham Street, Lynn, MA is a solid investment opportunity featuring a 12-unit brick building on a large lot with 12 parking spaces. The apartments consist mostly of spacious 2-bedroom units, with a couple of 1-bedroom units, all fully deleaded. Many windows have been recently replaced, and the property includes coin-operated laundry in the basement, adding extra income potential. This well-maintained property offers strong rental income and excellent cash flow, making it a standout in Lynn's rental market.
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Highlights
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1910
- Parking Spots: 12
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 99
- Status: Active
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Additional Details
- Foundation: Block
- SqFt Source: Owner
- Year Built Details: Actual
- Zoning: R4
- Lot Features: Level
- Total Number of Units: 12
- Year Built Source: Public Records
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $279,670
- Taxes: $30,185
- Tax Year: 2024
- Total Rent: $3,950
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Listing information provided courtesy of Greenville Real Estate Group, Inc..
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