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$3,650,000
Total Beds: 24 Total Baths: 12
Total Units: 12 SQFT: 11775
LOT size: 0.26 Acres
14-18 Holland Ave
Lynn, MA 01905
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Property Description

Rare investment opportunity to own a two building properties with 16 private parking spots. These two 6 units buildings are side by side, all with 2 bedrooms and 1 bath for each unit. Each unit has separate meter for heating and hot water. Tenants pay for their own utilities. All 12 units have compliance letters for de-lead. Roof was replaced in 2014. Matching Vinyl siding for both buildings. Identical floor plan for all units in the two buildings. Easy access off of Western Ave in lynn. Building are professionally managed and well maintained.

Property Details

Building Information

  • Total Units: 12
  • Total Floors: 3
  • Total Bedrooms: 24
  • Total Full Baths: 12
  • Amenities: Highway Access, Public School, Public Transportation, Shopping

Financial

  • APOD Available: Yes
  • Gross Operating Income: 271800
  • Gross Expenses: 64739
  • Water/Sewer: 10004
  • INSC: 11388
  • Repairs & Maintenance: 2400
  • RFS: 6499
  • Management Fee: 6000
  • Miscellaneous Expense: 840
  • Net Operating Income: 207061

Utilities

  • Heat Zones: 12
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1

Unit 2 Description

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

Construction

  • Year Built: 1925
  • Type: 5+ Family - 5+ Units Side by Side
  • Foundation Info: Fieldstone
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73360502
  • Last Updated: 04/16/25

Mortgage Calculator

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Map

Seller's Representative: Wei Bin Peng, Downtown Boston Real Estate, LLC
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-04-16 13:34:00