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200 Lewis Street, Lynn, MA
SOLD 5/5/2525
0
$2,300,000
*Sale Price
Total Beds: 12 Total Baths: 12
Total Units: 12 SQFT: 10386
LOT size: 0.14 Acres
200 Lewis Street
Lynn, MA 01902
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This Property is No Longer Available

Property Description

200 Lewis is a 3- story apartment building consisting of twelve (12) one-bedroom units with a total square footage of 14,338 and rentable square footage of 10,386 including twelve (12) surface parking spots. The subject property is ideally located on one of the main corridors of Lynn and close proximity to public transportation and many amenities. The property offers investors a tremendous value-add opportunity to bring units to market levels with a strategic renovation program. The property has been well maintained and capital improvements have been completed throughout the years such as: installment of new windows, electrical upgrades, exterior painted, common area flooring, interior painted, lighting, and some unit renovations.

Property Details

Building Information

  • Total Units: 12
  • Total Floors: 3
  • Total Bedrooms: 12
  • Total Full Baths: 12
  • Amenities: Laundromat, Public School, Public Transportation, University
  • Basement Features: Full
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Estimated, Owner Provided
  • Gross Operating Income: 273000
  • Gross Expenses: 88602
  • GSE: 4131
  • Electric Expenses: 1151
  • Water/Sewer: 15380
  • INSC: 9600
  • Repairs & Maintenance: 6000
  • RFS: 3816
  • Management Fee: 10920
  • Net Operating Income: 184398

Utilities

  • Electric Info: 220 Volts, At Street
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73341337
  • Last Updated: 05/05/25

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Map

Seller's Representative: Michael McCarthy, North Shore Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2025-05-05 09:56:00

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