Homes for sale - 9 Needhams Landing, Lynn, MA 01905

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Eric Chauvin

eric@penroserealty.com +1(617) 448-0910

$12,200,000

Est. payment - /mo

52 Beds

42 Baths

27,840 SqFt

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UPDATED:

01/05/2025 08:05 AM

Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Active

Purchase Type For Sale

Square Footage 27,840 sqft

Price per Sqft $438

MLS Listing ID 73322222

Bedrooms 52

Full Baths 42

Year Built 2015

Annual Tax Amount $127,195

Tax Year 2023

Lot Size 0.880 Acres

Acres 0.88

Property Description

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.

Location

State MA

County Essex

Zoning R4

Direction From Boston Rt 1N, left on MA 60W, 2nd Exit MA 107N,Lf Ida, Rt on River, LF on Canal, Destination RT

Interior

Flooring Bamboo

Exterior

Community Features Public Transportation, Park, Medical Facility, Laundromat

Waterfront Description Waterfront,Beach Front,River,Ocean,1 to 2 Mile To Beach

View Y/N Yes

View Scenic View(s)

Roof Type Shingle

Total Parking Spaces 84

Garage No

Building

Lot Description Level

Story 4

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by eXp Realty

+1(617) 448-0910

eric@penroserealty.com

560 Harrison Ave. STE 503, Boston, MA, 02118, United States

9 Needhams Landing Lynn, MA 01905