Overview Property Details Payment Calculator Walkability

Active

28 Linwood Rd, Lynn MA 01905

$1,499,000

Estimated $24,510.36/month Calculator

Multi Family

Total Units: 1

Price Per Unit: $1,499,000

Total Rent: 0/year

Estimated CAP Rate: -1.02%

0 Bedrooms

Baths

6 Parking Spots

0.2 acres

Spacious 10,000 square foot commercial property, formerly a nursing home, offers a range of possibilities for a variety of business or redevelopment opportunities. Situated in a desirable area with R2 zoning, the property provides flexibility for residential, multi-family, o...

This home has been viewed 130 times

Last Updated: April 5th, 2025 at 12:33pm

Gross Income: $0

Gross Expenses: $15,274

Net Income Calc: $-15,274

CAP Rate: -1.02%

Annual Expenses for 28 Linwood Rd, Lynn MA 01905

Total Gross Expenses (Calculated)$15,274/year

APOD Available

Heating$0

Electricity$0

Water$0

Gas$0

Insurance$0

Sewer$0

Trash Removal$0

Repair & Maintenance$0

Management$0

Miscellaneous$0

Real Estate Tax$15,274

Annual Income & Unit Breakdown for 28 Linwood Rd, Lynn MA 01905

Total Gross Income (Calculated)$0

Unit 1

Rental Income

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 28 Linwood Rd, Lynn MA 01905

Listing ID73321035

Property TypeMulti Family / 5+ Family

Price$1,499,000

Style

CityLynn

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total

Approximate Lot Size (Acres)0.2 acres

Total Parking6

Garage Parking

Year Built1900

Year Built Source

Year RenovatedN/A

Year Built Details

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation Description

Accessible Features

Outdoor Space

ZoningR2

Zoning DetailsLegal Conforming

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Interior Features for 28 Linwood Rd, Lynn MA 01905

Disclosures for 28 Linwood Rd, Lynn MA 01905

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area Source

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$0

Total Net Income By Broker$0

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Location Information for 28 Linwood Rd, Lynn MA 01905

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 28 Linwood Rd, Lynn MA 01905

Agent

Name: Team Sonia Rollins & Associates

MLS ID: TM347790

Office ID: B95066

Phone: 781-454-6043

Office

Name: EXIT Premier Real Estate

MLS Office ID: B95066

Phone: 781-270-4770

Payment Calculator

$24,510.36 per month

30 Years Fixed, 6.75% Interest

Property Taxes $15,274.00

Principal & Interest $9,236.36

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

EXIT Premier Real Estate

Team Sonia Rollins & Associates

Agent Phone

(781) 454-6043

Office Phone

(781) 270-4770

Text Agent Call Agent Call Office

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            [description] => Spacious 10,000 square foot commercial property, formerly a nursing home, offers a range of possibilities for a variety of business or redevelopment opportunities. Situated in a desirable area with R2 zoning, the property provides flexibility for residential, multi-family, or other mixed-use developments.  Key features & recent improvements: 12 individual bedrooms, common areas, and multiple bathrooms, full sprinkler system, natural gas generator, redone in 2024, ensuring reliable backup power for the majority of the facility, elevator service & upgrade 2024, 2 yr old rubber roof on the addition & more. Zoning allows for a variety of uses, including residential, multi-family, and certain commercial endeavors. Ideal for redevelopment, assisted living facilities, medical offices, non profits or community-oriented businesses. Whether you are looking to repurpose the building for healthcare, housing, or other uses - there is tremendous potential.
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        )

[deposit_amount] => Array
        (
            [0] => $0
        )

[insurance_required] => Array
        (
        )

[references_required] => Array
        (
        )

[rent_includes] => Array
        (
        )

[lease_term] => Array
        (
        )

[interior_features] => Array
        (
        )

[entry_level] => Array
        (
        )

[cooperating_agent_commission] => Array
        (
        )

[property_sub_type] => Array
        (
            [0] => Residential
        )

[number_of_lots] => Array
        (
        )

[gas] => Array
        (
        )

[cultivation_acres] => None
    [pasture_area] => None
    [timber_acres] => None
    [perc_test] => Array
        (
        )

[perc_test_date] => Unknown
    [association_required] => Array
        (
        )

[view] => Array
        (
        )

[deqe] => 
    [real_estate_tax] => $15,274
    [total_gross_income] => 0
    [total_gross_expense] => 15274
    [net_income_calc] => -15274
    [cap_rate] => -1.02%
    [apod_available] => Array
        (
        )

[heating_expense] => Array
        (
            [0] => $0
        )

[electric_expense] => Array
        (
            [0] => $0
        )

[water_expense] => Array
        (
            [0] => $0
        )

[gas_expense] => Array
        (
            [0] => $0
        )

[insurance_expense] => Array
        (
            [0] => $0
        )

[sewer_expense] => Array
        (
            [0] => $0
        )

[trash_expense] => Array
        (
            [0] => $0
        )

[repair_maintenance_expense] => Array
        (
            [0] => $0
        )

[management_expense] => Array
        (
            [0] => $0
        )

[miscellaneuos_expense] => Array
        (
            [0] => $0
        )

[unit_1_rent] => Array
        (
        )

[unit_1_lease] => Array
        (
        )

[unit_1_bedrooms] => 
    [unit_1_bathrooms] => 
    [unit_1_floor] => 
    [unit_1_levels] => 
    [unit_2_rent] => Array
        (
        )

[unit_2_lease] => Array
        (
        )

[unit_2_bedrooms] => 
    [unit_2_bathrooms] => 
    [unit_2_floor] => 
    [unit_2_levels] => 
    [unit_3_rent] => Array
        (
        )

[unit_3_lease] => Array
        (
        )

[unit_3_bedrooms] => 
    [unit_3_bathrooms] => 
    [unit_3_floor] => 
    [unit_3_levels] => 
    [unit_4_rent] => Array
        (
        )

[unit_4_lease] => Array
        (
        )

[unit_4_bedrooms] => 
    [unit_4_bathrooms] => 
    [unit_4_floor] => 
    [unit_4_levels] => 
    [hot_water] => Array
        (
        )

[basement] => Array
        (
        )

[foundation_materials] => Array
        (
        )

[patio_and_porch] => Array
        (
        )

[zoning_details] => Legal Conforming
    [terms] => Array
        (
        )

[financial_data_source] => Array
        (
        )

[operating_expense] => Array
        (
            [0] => $0
        )

[gross_income] => Array
        (
            [0] => $0
        )

[net_operating_income] => Array
        (
            [0] => $0
        )

[short_sale] => 
    [price_per_unit] => 1499000
)

EXIT

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