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.
- Heating System:
- Hot Water
- Basement:
- Full, Interior Entry, Unfinished
- Parking:
- Off Street, Paved, Paved Drive, Driveway
- Appliances:
- Range, Refrigerator
- Construction:
- Frame
- Exterior Unit Features:
- Decorative Lighting
- Flooring:
- Tile, Vinyl, Hardwood, Carpet, Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- Seller never occupied property.All information to be verified by the buyer/representative.LEGAL TWO bed per septic but there's a 3rd room on 2nd fl(no closet). See plans.New roofs throughout complex currently being installed.Condo fee to increase by 284 on average per unit by years end.One AI photo.
- Garage Parking
- Interior Features:
- Kitchen, Dining Room, Living Room
- Lead Paint:
- Certified Treated
- Road Type:
- Paved
- Rent Fee Includes:
- Water, Unit 2(heat, Hot Water), Unit 4(heat, Unit 1(heat, Unit 3(heat
- Market Time:
- 75
- Parking Spaces:
- 6
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $265
- Zoning:
- R4
- No Units:
- 6
- Orig Price:
- $1,529,986
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01905
- Longitude:
- W71° 2' 21.2''
- Latitude:
- N42° 27' 53.4''
Residential Income
35-37 Park St, Lynn, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,494,986
- Bedrooms :
- 12
- Rooms :
- 27
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 5,631 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.12 Acre
- Listing ID :
- 73519410
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com