62 Nahant Street

Lynn, MA 01902

$1,450,000
Price
13
Beds
3
Baths
1
1/2 Bath
4,039 Sq. Ft.
$359 / Sq. Ft.
4,039
Sq. Ft.
$359
per Sq. Ft.

Description

New price improvement! The cleanest, Fully Licensed Rooming/ Boarding house you will find! This property located in Highly Desirable Diamond District, just a Few Blocks from the Beach and access to transportation! SUPER EASY TO MANAGE- Income Producing all while in PRIME LOCATION! (Note: NOT A SOBER HOUSE) Great corner lot, extra large 2 car detached garage (rented separately for bonus income!) and a full dry basement with high ceilings with tons of storage space. 13 current rental units (including...New price improvement! The cleanest, Fully Licensed Rooming/ Boarding house you will find! This property located in Highly Desirable Diamond District, just a Few Blocks from the Beach and access to transportation! SUPER EASY TO MANAGE- Income Producing all while in PRIME LOCATION! (Note: NOT A SOBER HOUSE) Great corner lot, extra large 2 car detached garage (rented separately for bonus income!) and a full dry basement with high ceilings with tons of storage space. 13 current rental units (including a separate 1-bedroom apartment) and an office space that can potentially be another rentable room (14 rooms in total). All rooms vary in size and include closets, and some are extra large potentially being able to add more beds for more income- buyer to verify this and do due diligence. All tenants are at will. Some pay per week- others pay per month. Pre-approval or proof of funds required prior to showings. Partial seller financing will be considered.
  1. Listed by Connie Irving • Coldwell Banker Realty - Marblehead

Property Details for 62 Nahant Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
1
Parking Spaces
4.00
Parking Spaces Total
5
LISTING UPDATED: 11/01/2024 04:27 PM

Property Details for 62 Nahant Street

StatusActive
MLS #73173217
Days on Market425
Taxes$10,555 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - Rooming House
Year Built1893
CountyEssex County

Building Information for 62 Nahant Street

Stories3Residences13Year Built1893Building Size-Lot Size0.16 AC / 6,950 SF

Property Information for 62 Nahant Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping
  • Living Area: 4039.0
  • Color: white
  • SqFt with Basement: No
  • Total Units: 13
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 4.0
  • Num of Full Baths: 3
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 3.50
  • Bathrooms Total Integer: 4
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Hardwood
  • Interior Features: Laundry Room
  • SpaYN: No
Exterior Features
  • Exterior Features: Rain Gutters, Professional Landscaping
  • Exterior Features: Professional Landscaping, Porch
  • Lot Description: Corner Lot
  • Patio And Porch Features: Porch
  • Waterfront Features: Beach Front, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Driveway
  • Parking Features: Paved Driveway
Utilities
  • Electric: Circuit Breakers
  • Heating: Oil
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: "Common area kitchen" is via the full 1 bed apartment currently closed off from the rest of the house. Roof apx 10 yrs,heating good condition-buyer verify. Fireplace covered not being used. Room #4 & 12 include sinks. All tenants TAW. Garage rented.*Partial seller financing considered see list agent
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:081 B:579 L:019,2002110
  • Assessments: $946,600
  • Book: 17552
  • Tax Year: 2023
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 13
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone, Brick/Mortar
Income / Expenses
  • Annual Expenses Source: Owner
  • GOI: $130,296.00
  • NOI: $70,663.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Lease U3: N
Unit 4 Description
  • Lease U4: N
Rental Info
Rental Info
  • Total Actual Rent: $10,858.00

Property History for 62 Nahant Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 62 Nahant Street

Taxable ValueLand$288,000Additions$816,900Total$1,104,900
Tax Record2024$11,635 ($970 / month)
Home Facts
Baths2.5Total Finished SqFt4,039 SqFtAbove Grade Finished SqFt4,039 SqFtUnfinished Basement SqFt1,739 SqFtStories3Lot Size6,950 SqFtStyleMulti-Family Res (5+ Units)Year Built1893ZoningR2CountyESSEXAPNLYNN M:081 B:579 L:019

Schools near 62 Nahant Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Harrington Elementary School
PublicPK to 5

William R Fallon
Public1 to 5

Thurgood Marshall Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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62 Nahant Street is a multi-family home for sale in Lynn, MA 01902. This property was listed for sale on October 23, 2023 by Coldwell Banker Realty - Marblehead, it's currently listed at $1,450,000. It has been on the market for a total of 425 days and was last sold on August 20, 2001. This listing's school district is Lynn School District. Nearby schools include Harrington Elementary School, William R Fallon and Thurgood Marshall Middle School. 62 Nahant Street is a 13-bed, 3.5-bath, 4,039 sqft multi-family home built in 1893.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty - Marblehead, Connie Irving

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.