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69 N Common St
Lynn, MA 01902

The North Shore Commons · Multifamily Property For Sale · 48 Units

Investment Highlights

  • 48 Single Room Occupancy Units
  • Qualified Opportunity Zone | Downtown Lynn
  • Includes a 6,202 SF (0.14 acre) Vacant Lot on Hanover Street | Zoned R5
  • Fully Furnished Rooms | Laundry Facility
  • Ample Off-Street Parking on Adjacent Lot

Executive Summary

Northeast Private Client Group® is pleased to present The North Shore Commons at 69 N Common Street and 10 Hanover Street in Lynn, MA.
This three-story, 14,680-square-foot building, built in 1905, has been recently renovated and has received significant capex. It consists of 48 fully furnished single-room occupancy units (SROs) and a 6,202-square-foot adjacent vacant lot, zoned R-5 in the rear (10 Hanover St). There are 12 new bathrooms, four on each floor. Newly added common kitchens with cabinets and granite countertops. New laundry facility & folding stations on site. The rooms include brand-new refrigerators, plasma TVs, and virtual touch security. Desirable Lynn Commons location. Easy access to Boston and Logan International Airport via Lynn Station Commuter Rail stop.
Lynn is situated on the Atlantic coast, providing one of the most unique downtown atmospheres in Massachusetts outside of Boston. Centered around the town square and Lynn Common, Downtown Lynn is full of unique rentals and engaging entertainment hotspots.
Lofts, condos, and waterfront apartments provide access to the city’s concentration of restaurants, bars, and music venues. There’s also convenient access to the Central Square train station and the area’s comprehensive public transit.
All interested and qualified parties can tour the property during scheduled appointments and obtain additional information upon request.

PROPERTY FACTS

Price Per Unit $125,000
Sale Type Investment
No. Units 48
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 14,680 SF
No. Stories 3
Year Built 1905
Parking Ratio 0.68/1,000 SF
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LYNN-000053-000722-000028
Land Assessment
$960,000
Improvements Assessment
$1,775,800
Total Assessment
$2,735,800

zoning

Zoning Code R5
R5
  • Listing ID: 34096529

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 69 N Common St, Lynn, MA 01902

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