Price Reduced 7.14%


386 Summer St, Lynn, MA, 01905

386 Summer St, Lynn, MA, 01905

1985

3,600 sqft

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. Please call for appt.


Status:

Active

Type:

Commercial

Zoning:

BD

Parking:

20-car

Acreage:

0.39

Est. Taxes:

$45,000

Utilities

Public Water, Public Sewer, Natural Gas Available

MLS #:

73161244

Buyer Agent Compensation:

2

Facilitator Compensation:

2


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Louise Touchette Team, Coldwell Banker Realty - Lynnfield Phone: 781-334-5700