32-34-40 Ocean Avenue Pending

Lynn,MA 01902

$ 2475000

21 Beds

15 Baths

12333 SqFt


Key Details

Property Type Multi-Family

Sub Type 5-9 Family

Listing Status Pending

Purchase Type For Sale

Square Footage 12,333 sqft

Price per Sqft $200

MLS Listing ID 73151418

Bedrooms 21

Full Baths 12

Half Baths 6

Year Built 1900

Annual Tax Amount $25,322

Tax Year 2023

Lot Size 7,405 Sqft

Property Description

The Ocean Avenue Portfolio (32-34 & 40 Ocean Avenue) offers investors oceanfront properties with great views of Lynn Beach, Nahant and Boston. 32-34 Ocean Avenue is a 3-story residential building with rentable square footage of 3,861 and a total gross square footage of 6,145. The property consists of two (1) one-bedroom/1 bathroom, one (1) one-bedroom, and two (2) two-bedrooms/1.5-2 bathrooms. 40 Ocean Avenue is a 3-story residential building with rentable square footage of 8,472 and a total gross square footage of 10,052. The property consists of six (6) three-bedroom units/1.5 bathrooms and one (1) three-bedroom unit/2 bathrooms. Both properties have laundry facilities located in the basements, 10 to 11 off-street parking and ocean views.

Location

State MA

County Essex

Area Diamond District

Zoning R2

Exterior

Community Features Public Transportation,Shopping,Park,Walk/Jog Trails,Bike Path,Highway Access,T-Station

Waterfront Description Beach Front,Ocean,0 to 1/10 Mile To Beach,Beach Ownership(Public)

Roof Type Slate,Rubber

Building

Story 7

Foundation Stone,Brick/Mortar

Sewer Public Sewer

Water Public

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