44 Estes Street Portfolio, Lynn, Massachusetts, United States, 01902

13,299,000
for Sale
64
62
25,221

About the property:

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.
Property Type:
5+ Family - 5+ Units Up/Down
Status:
for Sale
House Style:
Other
Bedrooms:
64
Bathrooms:
62
Full Bathrooms:
62
Acres:
0.58
Square Feet:
42486
Water:
Public
Garage And Parking:
Off Street, Driveway
Exterior:
Other
Sewer:
Public Sewer
Directions:
Broad St -> Estes Street
Association Fee:
0
Is Garage:
Yes
Is Maintenance:
Yes
Listing ID:
73549418

Rooms

Dimensions

Brokered by:
Boston Realty Advisors
Presented By: