MA
Essex
Lynn
01902
44 Estes Street Portfolio ST
44 Estes Street Portfolio ST, Lynn, MA 01902
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Listing Type
Multi Family
Listing Status
Active
34
$13,299,000

Home Details for 44 Estes Street Portfolio ST

Price
$13,299,000
Type
Residential Income
Bedrooms
64
Total Bathrooms
62
Full Bathrooms
62
Square feet
42486
Year built
1926
Lot size acres
0.58
County
Essex
Total rooms
99
Basement
Full
MLS Listing#
73549418
Property 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. 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 Features
  • Parking
    • Off Street
    • Driveway
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: Boston Realty Advisors - 617-375-7900
Presented by: Daniel Alper
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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