Unit Information
7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and one (1) single-level three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. Tenants are responsible for separately metered utilities which include heat and electric. Complemented by seven (7) off-street parking spaces, laundry hookups, and storage spaces for additional future revenue. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.
- Additional Details
- Status: NEW
- Type: Multi-Family, 5-9 Family
- Zip Code: 01902
- Levels: 3
- Parking
- Garage Capacity: 7
- Parking: Paved Drive, Off Street, On Street
- Parking Spaces: 7
- Rooms and Dimensions
- Total Units: 17
- Total Floors: 3
- Total Rooms: 67
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$4,050,000
- Status: New
- Listing ID: 73481300
- Bedrooms: 33
- Full Baths: 17
- Living Area: 14,637 sqft Convert
- Lot Size: 10,302 sqft Convert
- Acres: 0.24
View description
Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |