Active

9 Needhams Landing

Lynn MA, 01905

$12,200,000


$438.22 per sqft

Active

52 Beds

42 Baths

27,840 sqft

Multi-family

Built in 2015

One of a kind investment opportunity with 42 waterfront high end units. An easy commute to Boston, close to schools, The Encore Boston Harbor Casino, and the GE plant. These units are beautifully done with bamboo flooring, granite countertops, stainless steel appliances, custom cabinetry, air conditioning, and sliders leading to private balconies overlooking the water. There are a total of 16 Studios, 13 one bedroom, and 13 two Bedroom units with potential for a clubhouse or another 3 bedroom cottage. Strong rental history. The building itself has solar that powers the parking lot lighting, building halls, elevator, and complex lights. Plenty of off-street parking in this quiet part of town. Steps away from Little River and close to Nahant beach. These truly are residences for a modern lifestyle. There is a GOVT loan on the property that can be assumed at 3.99% fixed for 28 more years , Non Recourse , aprx bal $6.5mm and assumable as well.

73168127

MLS ID

October 9, 2023

Listed

February 22, 2024

Updated

Map

9 Needhams Landing
Lynn MA, 01905

Interior Features

Total Stories

4


Bedrooms

52 Beds


Bathrooms

42 Baths


Floor Description

Bamboo


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.88 Acres


Lot Features

Level


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$127,195


Tax Frequency

Annually


Garage

No


Parking

Paved Drive, Off Street


Parking Total

84


View

Yes


View Description

Scenic View(s)


County

Essex


Water Source

Public


Pool

No


Waterfront

Yes


Zoning

R4


Buyer Agency Compensation

0.008%

Listing History

Date

Event

Price

12/27/2023

Price Change

$12,200,000

-6%

 

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Data last updated 6:33 PM UTC, 2/22/2024

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