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44 Estes Street Portfolio
Lynn, MA 01902

$13,299,000

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Listing Details

  • $13,299,000
  • MLS# 73549418
  • Type Multi Unit - Multiple
  • Status Active
  • 64
    Bedrooms
  • 62 full
    Bathrooms
  • 42,486
    Square Feet
  • 0.579 acres
    Lot Size
  • 1926
    Year Built

Listed By

Agency Name: Boston Realty Advisors
Agent Name: Daniel Alper
Agency Phone: 617-375-7900

Shown By

Agency Title: Donahue Real Estate Co.
Agency Phone: 781-251-0080

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Home Value Estimate


Description

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....read more

Features

  • 2.0 Stories
  • $9 Taxes
  • Public
  • Built in 1926

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