Unit Information
Rare opportunity to acquire an 62-unit, five-property multifamily portfolio concentrated within one of Lynn's established residential neighborhoods: 44 & 38 Estes Street, 8-10 & 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.
- Additional Details
- Status: NEW
- Type: Multi-Family, Multi Family
- Zip Code: 01902
- Levels: 2
- Parking
- Garage Capacity: 15
- Parking: Off Street,Driveway
- Parking Spaces: 15
- Rooms and Dimensions
- Total Units: 62
- Total Floors: 2
- Total Rooms: 99
- Has Basement: Yes
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$13,299,000
- Status: New
- Listing ID: 73549418
- Bedrooms: 64
- Full Baths: 62
- Living Area: 42,486 sqft Convert
- Lot Size: 25,221 sqft Convert
- Acres: 0.58
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |