MA > Salem
Salem, MA 01970,10-14 Lynch St
Salem, MA 01970,10-14 Lynch St
Salem, MA 01970,10-14 Lynch St
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$3,400,000
Est. payment /mo
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28 Beds
12 Baths
11,519 SqFt
New

10-14 Lynch St Salem, MA 01970

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 11,519 sqft

Price per Sqft $295

MLS Listing ID 73457565

Bedrooms 28

Full Baths 12

Year Built 1920

Annual Tax Amount $30,484

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type 5+ Family - 5+ Units Up/Down

Property Description

Lynch Street Apartments is a 11,519 +/- square foot 12-unit brick apartment building with nine off-street parking spaces situated on a 6,460 +/- square feet corner lot. The unit makeup is four (4) 3-bedroom apartments and eight (8) 2-bedroom apartments, each unit has one (1) bathroom and is individually metered for electricity with heat and hot water by natural gas supplied by the landlord. All twelve units are de-leaded. Hookups are in place for coin-operated laundry facilities. All occupants are TAW which offers an extraordinary Value Add Opportunity simply by bringing rents to market value with minimal capital improvements needed. 10-14 Lynch Street is located in Salem Massachusetts within walking distance to both Salem State University and the historic downtown amenities such as tourist attractions, restaurants, breweries and the waterfront activities. One tenant is being evicted, all rents are below market value, buyer should really be experienced with I/O loans, cash or 1031.

Location

State MA

County Essex

Zoning R3

Direction Downtown next to Shetland Park

Rooms

Basement Full, Interior Entry

Exterior

Roof Type Rubber

Total Parking Spaces 9

Garage No

Building

Lot Description Corner Lot

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by The Mega Group

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

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Tricia Coury

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Tricia Coury

Executive Real Estate Specialist - Team Leader

+1(508) 838-6956

tricia@triciacoury.com

Eric Coury

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Eric Coury

Realtor - Team Manager

+1(508) 838-6956

eric@thecouryteam.com

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Scott Garcia

Home Buyer Specialist

+1(508) 821-8160

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Nathaly Castillo

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+1(727) 203-5117

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http://www.thecouryteam.com/

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10-14 Lynch St

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.