44 Estes Street Portfolio, Lynn $13,299,000
Sale Type: For Sale Ft2: 42,486 Lot Size: 25,221 Ref #: 73549418
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Category: Multi Family Home
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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.
Details
- Ft2
- 42,486
- Lot Size
- 25,221
- Tax
- $9
Listing provided courtesy of Daniel Alper, Boston Realty Advisors



