About 62 Nahant St.
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.
Features of 62 Nahant St.
| MLS® # | 73581071 |
|---|---|
| Price | $1,300,000 |
| Bedrooms | 12 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 4,041 |
| Acres | 0.16 |
| Year Built | 1893 |
| Type | Residential Income |
| Sub-Type | 5+ Family - Rooming House |
| Status | Active |
Community Information
| Address | 62 Nahant St. |
|---|---|
| Area | Diamond District |
| City | Lynn |
| County | Essex |
| State | MA |
| Zip Code | 01901 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Paved Drive, Off Street |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | Yes |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Additional Information
| Zoning | R2 |
|---|
Listing Details
| Agent | Jacob Vanmeter |
|---|---|
| Office | The Drumlin Group Inc. |