$ 5,200,000
386 Summer St Lynn, MA 01905
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$ 5,200,000
Est. payment | /mo
3,600 SqFt
$ 5,200,000
Est. payment | /mo
3,600 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $1,444
MLS Listing ID 73161244
HOA Y/N false
Year Built 1985
Annual Tax Amount $45,000
Tax Year 2023
Lot Size 0.390 Acres
Acres 0.39
Property Description
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.
Location
State MA
County Essex
Zoning BD
Direction Google map
Exterior
Utilities Available Public Water, Public Sewer, Natural Gas Available
Waterfront false
Roof Type Shingle
Total Parking Spaces 20
Others
Senior Community false
Listed by Coldwell Banker Realty - Lynnfield
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "