|Interest Rate||4.5%||%||Gross Scheduled Rent||$605,280||$|
|Real Estate Taxes||$99||$|
|Maintenance & Repairs||$17,250||$|
Needham’s Landing is a 42-unit recently constructed luxury apartment community located on the Little River in Lynn, MA. The waterfront property is 100% market-rate and contains an ideal mix of studio, 1 bedroom, and 2 bedroom units. These luxury residences feature granite stainless steel appliances, hardwood floors, balconies, and central air. In addition, the property offers residents on-site parking at a 1:1 ratio, stone patio with grills, game room, and on-site storage units. An additional unit was permitted in the former storage building, which could bring additional income to the property. Needham’s Landing is well-positioned between two large employment bases, General Electric and the new Encore Boston Harbor Hotel and Casino (estimated to bring thousands of new jobs). The property is within walking distance of MBTA buses and the GE RiverWorks campus, as well as the MBTA Commuter Rail and Route 107.