Union StLynn, MA 01902

Property Details for Union St

Year built

1873

Lot size

0.07 AC

Property type

Commercial real estate

Description

This exceptional investment property, located at 1-17 Union Street in Lynn, Massachusetts, presents a rare opportunity to acquire two meticulously maintained mixed-use buildings on a single 0.07-acre lot. The property comprises twelve residential apartments and eight retail storefronts, offering a diverse and robust income stream. The main brick building underwent a complete renovation in 2021, ensuring modern amenities and updated systems throughout. This extensive renovation included upgrades to all apartment units and retail spaces. The second building on the property benefited from significant improvements in 2024, including a new roof, siding, windows, and gutters, further enhancing its longevity and curb appeal. This combined investment offers a compelling blend of immediate rental income and long-term appreciation potential. Situated in a prime Lynn location, the property benefits from high visibility and convenient access to major transportation routes and local amenities. The strong tenant occupancy and consistent rental income make this a truly exceptional investment opportunity for discerning buyers seeking a well-maintained, high-yield asset in a thriving market. Financial details are available upon request. This is a turnkey operation ready for immediate ownership.

Location Insight

City

Lynn

County

Essex

State

Massachusetts

Latitude

42.4693

Longitude

-70.9391

FAQs

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