For Sale
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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.
Disclosures: This offering includes five multifamily assets located at 44 Estes St, 38 Estes St, 32 Chestnut St, 8-10 Fortesque Ter & 12-14 Fortesque Ter. Gross and net income represents proforma figures--ask listing agent for detailed financials.
Directions: Broad St -> Estes Street
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