$1,950,000
$1,900,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
7-9 Holland Ave Lynn, MA 01905
12 Beds
9 Baths
8,493 SqFt
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,493 sqft
Price per Sqft $229
MLS Listing ID 73315479
Sold Date 03/28/25
Bedrooms 12
Full Baths 9
Year Built 1925
Annual Tax Amount $18,936
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type 5-9 Family
Property Description
7-9 Holland Ave is a three-story building and contains nine residential units comprised of six 1-Bedroom/1-Bathroom units and three 2-Bedroom/1-Bathroom units. Each unit is separately metered for electricity and gas-fired heat, which the tenants pay directly. Hot water is the responsibility of the tenants in three units and the landlord in six units. The landlord is also responsible for common area electric and domestic water and sewer. The Property offers eleven on-site parking spaces for residents. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
Location
State MA
County Essex
Zoning R4
Direction Please use GPS
Rooms
Basement Unfinished
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
Roof Type Rubber
Total Parking Spaces 11
Garage No
Building
Lot Description Other
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Stephen Girolamo • Horvath & Tremblay