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$ 1,775,000
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55 Rock Ave Lynn, MA 01902
7,785 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,785 sqft
Price per Sqft $228
MLS Listing ID 73582960
HOA Y/N false
Year Built 1900
Annual Tax Amount $15,668
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Description
Attention investors! First time on the market in almost 20 years! A substantial investment has been made to replace all six gas-fired heating systems, hot water tanks and common area upgrades in this well-maintained six-unit apartment building. Each oversized three-bedroom unit has separate utilities, and the property offers off-street parking and an established rent roll. Three units have recently undergone extensive renovations, including new bathrooms, refinished hardwood floors, fresh paint, and additional updates. All units have Letters of Deleading Compliance. Professionally maintained with significant recent improvements, this income-producing property offers a desirable unit mix and potential for future rental growth.
Location
State MA
County Essex
Zoning R3
Direction Grant Street to Chestnut Street
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Others
Senior Community false
Listed by Clements Realty Group
NEARBY SCHOOL & BUSINESS