$13,299,000

House for sale Lynn
Property photo number 1 of 16 Photos for Property. File  105040869_29_bead6a69f4f57aeef4c292dc48b1347e.jpeg

Overview

SUMMARY: Discover an opportunity with this Lynn house for sale and available for $13,299,000. This could be your next ideal home or a smart investment. More details await.
Rare opportunity to acquire an 62-unit, five-property multifamily portfolio concentrated within one of Lynn's established residential neighborhoods: 44 and 38 Estes Street, 8-10 and 12-14 Fortesque Street and 32 Chestnut Street. Unit mix is primarily one-bedrooms, with select
two-bedroom and studio units. Properties are professionally maintained with a history of capital improvements; several offer on-site parking and laundry facilities. Current vacancy provides clear lease-up and rent optimization upside, while occupied units generate stable in-place income. Close proximity of assets allows for centralized leasing, management, and maintenance. Attractive assumable financing available under a portfolio loan--ask listing agent for more details. A rare offering combining scale, stable cash flow, value-add potential, and below-market financing on Boston's North Shore.
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Details

  • Beds: 64
  • Baths: 62
  • Price: $13,299,000
  • Reference No.: 94928603
  • Area: 42,486 sqft

Location

Marketed by:

  • Daniel Alper
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