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.
42,486 Sq Ft
0.58 Private Acres Lot Size
investment
$1 Monthly Tax
Built in 1926
MLS/Listing ID 73549418
2 Stories
62 Units
Parking - Off Street
Parking - Driveway
Porch
Deck
Bay Front
Construction - Frame
Rubber
1/2 to 1 Mile To Beach
Beach Ownership - Public
Walk to
Public Sewer
Public Water
Construction - Brick
TOTAL MONTHLY COST
$0
$0
$0
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