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103-113 Bowler

Lynn, MA 01904
  • $2,100,000
  • STATUS: Active
  • MLS #: 72897361
UPDATED: 41 min ago
$2,100,000
  • 7
    BEDS
  • 0.36
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 10,028
    SQFT
  • $209
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

Listing courtesy of James Barry of United Multi Family Corporation.

Description

We are please to present a unique investment opportunity in the city of Lynn, MA. 103 Bowler St & 113 Bowler St are both two-family homes consisting of 3 two-bedroom units and 1 one-bedroom unit. The apartments at 103 Bowler St total 2,314 livable square feet and the apartments at 113 Bowler St total 2,336 livable square feet. All units are individually metered. The below market rents present investors with the opportunity to increase rents through a value-add renovation strategy. 109-111 Bowler St is an 8,500 square foot Industrial/Office Building that is currently being operated by Bass Associates, New England's Architectural Facade Experts, an engineering manufacturer and affiliate of the seller. This building is primed for multi-family re-development but could be occupied by a buyer's business as it serves as landlord to the multi-family properties, in that Bass Associates will be relocation due to expansion.

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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. Data last updated 2021-11-28T08:07:32.337.
www.parrottrealtygroup.com/homes/121584296
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103-113 Bowler Lynn, MA 01904

  • Price: $2,100,000
  • Status: Active
  • On Site: Days
  • Updated: 41 min ago
  • MLS #: 72897361
7
Beds
4
Baths
0
½ Baths
0.36
Acres
10,028
SQFT
$209
$/SQFT
1910
Built
Neighborhood:
Other
County:
Essex
Area:
Other
Property Description
We are please to present a unique investment opportunity in the city of Lynn, MA. 103 Bowler St & 113 Bowler St are both two-family homes consisting of 3 two-bedroom units and 1 one-bedroom unit. The apartments at 103 Bowler St total 2,314 livable square feet and the apartments at 113 Bowler St total 2,336 livable square feet. All units are individually metered. The below market rents present investors with the opportunity to increase rents through a value-add renovation strategy. 109-111 Bowler St is an 8,500 square foot Industrial/Office Building that is currently being operated by Bass Associates, New England's Architectural Facade Experts, an engineering manufacturer and affiliate of the seller. This building is primed for multi-family re-development but could be occupied by a buyer's business as it serves as landlord to the multi-family properties, in that Bass Associates will be relocation due to expansion.
Exterior Features

Beachfront No Exterior Aluminum Foundation Poured Concrete Lot Description Shared Drive Parking Features Off-StreetOn Street Permit Parking Spaces 0 Road Type Public Roof Material Asphalt/Fiberglass Shingles Waterfront Flag No

Interior Features

Basement Yes Basement Features Partial Bedrooms Unit1 1 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Flooring Wood Floors Unit1 1 Floors Unit2 2 Floors Unit3 1 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Hot Water Natural Gas Levels 7 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 21 Rooms Unit1 5 Rooms Unit2 6 Rooms Unit3 5 Rooms Unit4 5

Property Features

Apod Available No Assessments 1385100.00 Disclosure No Disclosures Buyer To Do Own Due Diligence Gross Operating Income 57600 Lead Paint Unknown Lease Unit1 N Lease Unit2 N Lease Unit3 N Lender Owned No Multifamily Type 5+ Family - 5+ Units Side By Side Net Operating Income 57600 Rent Unit1 1250 Rent Unit2 1000 Rent Unit3 1300 Rent Unit4 1250 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2020 Taxes 22000.00 Water City/Town Water Year Built Description Approximate Year Built Source Public Record Zoning R2

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of James Barry of United Multi Family Corporation.


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. Data last updated 2021-11-28T08:07:32.337.
 
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Parrott Realty Group | Keller Williams Gateway Realty
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Nashua NH, 03063
Listing courtesy of James Barry of United Multi Family Corporation.