Attention investors! Don’t miss this exceptional opportunity to acquire a well-maintained six-unit apartment building featuring spacious three-bedroom units throughout, a strong established rent roll, and an attractive 7.1% cap rate. Three of the units have recently undergone extensive renovations, including brand-new bathrooms, refinished hardwood floors, fresh paint, and numerous additional updates, providing immediate value and future rental growth potential. All units have Letters of Deleading Compliance, offering added value and peace of mind. The property has been professionally maintained and features a heating system that is only 3 years old. This turnkey investment offers a desirable unit mix that continues to attract strong tenant demand and is an excellent opportunity for investors seeking a stable, income-producing asset with significant recent capital improvements and long-term upside potential.
- Heating System:
- Steam
- Basement:
- Full, Interior Entry, Concrete
- Appliances:
- Range, Refrigerator
- Exterior Unit Features:
- Rain Gutters
- Flooring:
- Laminate, Hardwood
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Interior Features:
- Kitchen, 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:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $449
- Zoning:
- R2
- No Units:
- 6
- Orig Price:
- $1,900,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01902
- Longitude:
- W71° 3' 8.8''
- Latitude:
- N42° 28' 8.5''
Residential Income
43 Highrock Street, Lynn, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,900,000
- Bedrooms :
- 18
- Rooms :
- 30
- Total Bathrooms :
- 6
- Full Bathrooms :
- 6
- Square Footage :
- 4,230 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.10 Acre
- Listing ID :
- 73535795
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com