200 Lewis St, Lynn, MA 01902

12-unit multifamily, value add opportunity.

A well-located multifamily property in Lynn with strong demographics, easy access to public transit, and potential for rent growth through renovations and parking fees.

$20,000/Month
Current Rent Roll

12 UNITS

12 BEDS

12 BATHS

14,338 SQ FT

1 / 13

Unit #1

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,700

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,700

PROJECTED MARKET RENT

$2,800 ▲ 64.71%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #2

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,700

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,700

PROJECTED MARKET RENT

$2,800 ▲ 64.71%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #3

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,700

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,700

PROJECTED MARKET RENT

$2,800 ▲ 64.71%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #4

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,700

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,700

PROJECTED MARKET RENT

$2,800 ▲ 64.71%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #5

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,600

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,600

PROJECTED MARKET RENT

$2,800 ▲ 75%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #6

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented for $1,850, leasing expires on 11/03/2024.

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,900

PROJECTED MARKET RENT

$2,800 ▲ 47.37%

CURRENT LEASE EXPIRE DATE
11/03/2024

Unit #7

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented for $1,850, leasing expires on 12/31/2024.

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,850

PROJECTED MARKET RENT

$2,800 ▲ 51.35%

CURRENT LEASE EXPIRE DATE
12/31/2024.

Unit #8

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,600.

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,600

PROJECTED MARKET RENT

$2,800 ▲ 75%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #9

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,550.

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,550

PROJECTED MARKET RENT

$2,800 ▲ 80.65%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #10

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,600.

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,600

PROJECTED MARKET RENT

$2,800 ▲ 75%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #11

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,650.

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,650

PROJECTED MARKET RENT

$2,800 ▲ 69.7%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

Unit #12

One bedroom, One bathroom unit spanning 1,195 sq ft. Currently rented to TAW for $1,650

BEDS

BATHS

SQFT

1,195

CURRENT RENT

$1,650

PROJECTED MARKET RENT

$2,800 ▲ 69.7%

CURRENT LEASE EXPIRE DATE
Current lease information not provided

LET’S TAKE A CLOSER LOOK

Investment calculator

We’ve gone ahead and filled out this calculator based on our best analysis of the property - but feel free to adjust it as needed to suit your specific needs!

Purchase Price

Interest Rate

Downpayment

Property Taxes

Insurance

Utilities

Maintenance

Management

Vacancies

Other Income

Current Rents

Market Rents

CURRENT 8.5%

MARKET 11.4%

Cash on Cash Return

CURRENT 8.5%

MARKET 11.4%

Cap Rate

CURRENT 0.09%

MARKET 0.11%

DSCR

CURRENT $0.085

MARKET $0.114

Net Operating Income

Subscribe to our
newsletter!

Get the best multifamily deals
delivered straight to your inbox

PROPERTY LOCATION

The Neighborhood

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed eiusmod tempor labore dolore magna.

▲ 5.59%

Rent

▼ 31.51%

DOM

▲ 29.65%

Sales Price

▼ 37.83%

Compare to Greater Boston

ABOUT US

The Elle Group

Since 2018 The Elle Group has been an investor focused real estate team servicing hundreds of clients in the Greater Boston Area. As investors ourselves, we’re ready, willing, and able to help new investors purchase their first house-hacking project, coordinate the purchase and sale of a 1031-Exchange, or even assist in filling your buildings with great tenants.

Whether you’ve just started to explore the world of real estate investing, or you’re busy playing real-life Monopoly across the city, you can look to The Elle Group as a trusted resource in sourcing, negotiating, and analyzing the best deals to hit the Boston market.

Testimonials

TESTIMONIALS

“They’re great with contract negotiations, managed to sell one of my flips for an excellent price, and has a great read on the current market... Nothing escapes their attention to detail when it comes to investment properties.”

FIX AND FLIP

Redgy S. (Southshore, MA)

TESTIMONIALS

“The Elle Group flawlessly worked with me over the course of 6+ months to find a property that suited my criteria and investment strategy for an owner occupied multifamily... Highly recommend for anyone who is looking to start!”

HOUSE HACK

Alvin Z. (Somerville, MA)