PROPERTIES FOR SALE
25-units Multi-Family Lynn, MA
PROPERTY DESCRIPTION:
Yannios RE Investment Services, as exclusive agent, is proud to present a rare investment
opportunity, that has not been available to the open market in 20 years. This offering represents a rare opportunity to acquire in one of the most supply-constrained submarkets in the Boston market. The building consists of 9-two bedrooms, 12-one bedrooms, 4 studios. Tenant paid heat and electric, hot water included in the rent. The units have
sub-panels, newer ceramic tile & vinyl flooring, newer bathrooms, kitchens partial updated. The common hallways have newer vinyl plank flooring and lighting & newer roof. Value-add upside positioning the property to capture rent growth in a high-demand, low-vacancy market with access to public transportation and commuting routes into Boston. Demand for rental housing in the Lynn market continue to strengthen, making this property ideally positioned for both long term rental growth and appreciation. Building maintained well and in good condition. Interested and qualified buyers will be able to tour the property and obtain additional information. Call to schedule a tour...
SUMMARY:
LIST PRICE: $5,000,000.00
UNITS: 25
PRICE PER UNIT: $200,000.00
NOI: $341,968.00
PRO-FORMA NOI: $378,312.00
LIVING AREA: 15,729 sq. ft.
BUILDING GROSS AREA: 17,976 sq. ft.
LOT SIZE: 6,573 sq. ft.
YEAR BUILT: 1890
HIGHLIGHTS:
-Turnkey
-100% occupied
-Excellent occupancy
-Tenant paid utilities
-Off Street parking
Yannios Real Estate Investment Sales
27 Water Street, Suite 118 Wakefield, Massachusetts 01880, United States
Main (781) 224-0081