Active
386 Summer St
Lynn MA, 01905
$5,200,000
$1,444.44 per sqft
Active
20 Baths
3,600 sqft
Commercial
Built in 1985
This is your opportunity to own 20 approved condos, With 2 Bedrooms 1 Bath in every unit . Currently utilized as rental apartments. Several units have been updated, featuring modern kitchens, granite or Formica countertops, an array of flooring including hardwood, laminate, tile and carpet. Additionally, the convenience of in-unit laundry hook-ups, 20 parking spaces and so much more. With a substantial monthly rental roll of $30,000 and the potential for future rent adjustments, this offering presents an ideal opportunity for savvy investors seeking a high-quality asset poised for growth. Perfectly situated with easy access to the T Station and several bus lines, and in close proximity to many shops and malls, this property seamlessly combines convenience and quality, making it a compelling investment prospect.
73161244
MLSⓇ ID
September 20, 2023
Listed
November 22, 2024
Updated
Map
386 Summer St
Lynn MA, 01905
Interior Features
Total Bathrooms
20
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.39 Acres
Roof
Shingle
Other Property Details
Taxes
$45,000
Tax Frequency
Annually
Garage
No
Parking Total
20
View
No
County
Essex
Pool
No
Zoning
BD
Listing History
Date | Event | Price |
|---|---|---|
11/14/2024 | Active | — |
11/7/2024 | Under contract | — |
10/10/2023 | Price change | $5,200,000 -8% |
Courtesy of Louise Touchette Team, Coldwell Banker Realty - Lynnfield
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Data last updated 11:00 PM UTC, 11/22/2024
