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62 Nahant St.Lynn, MA 01901

Essex County

$1,300,000List price
12Beds
4Baths
4,041Sq Ft
1893Year built
0.16Acre lot
2Garage
3Stories
8 days agoOn market

Description

62 Nahant St. located in Lynn’s Diamond District is a licensed rooming/lodging house with an active license for 12 SRO. This license could be expanded to 16 SRO through the proper channels. 62 Nahant St. is located on a visible corner lot with off-street parking with close proximity to the beach, downtown and major public transportation. The building is good condition and would be ideal for a non-profit organization to purchase and modify the building for transitional housing programs. The building has a large dry basement which allows for ample storage of tenant or owner property and the garage could be utilized for additional storage. Recent improvement to the building includes a new spiral staircase for egress from the 2nd and 3rd floor. The tenants are all TAW and pay weekly or monthly depending on their in place agreements with ownership. Ownership is willing to seller finance the sale of the property. Terms to be negotiated.

Property Information

Property type
Residential Income
Sub-type
Multi Family
Year built
1893
Stories
3
Living area
4,041 Sq Ft
Lot size
0.16 acres
Garage spaces
2
Parking spaces
8
Zoning
R2
Days on market
8
MLS® Listing#
73581071

Property Features

Flooring
Wood
Basement
Unfinished
Parking
Paved · Off Street
Patio
Porch
Fencing
Fenced
Lot features
Corner Lot · Level
Foundation
Stone
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$11,844Tax year 2025
Assessed value
$1,200,200
Parcel number
2002110

Directions

Exchange St => Broad St. => Nahant St.

Listing Courtesy: The Drumlin Group Inc. - 9787413696

Presented by: Jacob VanMeter

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