47 Broad St

Lynn MA 01902

4671 sq. ft.

5628 sq. ft.

Other

Currently for sale - view listing

Overview

Prime opportunity to acquire a fully income-producing 3-family with strong rents, off-street parking and the added option to purchase the adjacent mixed-use property at 43 Broad Street, creating a rare side-by-side investment opportunity near Lynn’s Diamond District and shoreline. Each unit offers 3 bedrooms and 1 full bath and is currently rented for $3,200/month, generating $9,600/month / $115,200 annually in gross rent. The property also features a full basement, rear decks/covered outdoor space and 6 off-street parking spaces. Ideal for an investor looking to expand a portfolio or a future owner-occupant seeking to offset housing costs with rental income. All residential units are currently occupied by tenants at will. The neighboring 43 Broad Street is also available separately for $749,900, offering a first-floor convenience store with a long-term lease, a 3-bedroom residential unit and 4 off-street parking spaces. Conveniently located near Lynn’s Diamond District, Lynn Shore Drive and Lynn Beach, with easy access to public transportation, MBTA bus service, the Lynn commuter rail station, shopping, parks and major routes. Property sold as-is; buyer/buyer’s agent to perform due diligence.

Features

6 bedrooms

3 bathrooms

6 carspaces

6 open car spaces

4671 sq. ft. floor area

5628 sq. ft. lot size

Other

Property history for 47 Broad St

2019

Sold

$500,000

27 Jun 2019 by Marilyn Bovardi, of Bovardi Real Estate

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