Multi Family

43 Highrock Street

Lynn, MA 1902 · MLS 73535795

$1,650,000

4,230 sqft

  • Beds—
  • Baths—
  • Sq Ft4,230
  • Year1900
  • Style—
  • $ / Sq Ft$390
  • HOA—
  • Taxes$15,914
  • Parking0
  • Lot4230.0
  • MLS73535795
  • StatusActive

About this home

Attention investors! Don't miss this exceptional opportunity to acquire a well-maintained six-unit apartment building featuring spacious three-bedroom units throughout, a strong established rent roll, and an attractive 7.1% cap rate. Three of the units have recently undergone extensive renovations, including brand-new bathrooms, refinished hardwood floors, fresh paint, and numerous additional updates, providing immediate value and future rental growth potential. All units have Letters of Deleading Compliance, offering added value and peace of mind. The property has been professionally maintained and features a heating system that is only 3 years old. This turnkey investment offers a desirable unit mix that continues to attract strong tenant demand and is an excellent opportunity for investors seeking a stable, income-producing asset with significant recent capital improvements and long-term upside potential.

Location

DirectionsMore in Lynn

More about Lynn

Lynn Profile Snapshot
Primary Vibe Affordable coastal city with beaches, diverse community, and an emerging arts scene. Popular with buyers seeking relative value and water access.
Housing Prices More approachable than many closer areas. Beachfront and transit-proximate properties command premiums. Multi-family homes offer rental potential.
Commute to Boston Commuter rail provides access. Driving and bus options exist. Parking varies by location.
Schools Served by Lynn Public Schools. Confirm assignments with the district.
Market Demand supported by coastal location and pricing. Updated properties near the beach or rail attract interest.
Housing Styles Multi-family homes, condominiums, and single-family properties. Condition varies.

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Listing information is believed accurate but is not guaranteed and should be independently verified. Courtesy of the listing office shown.