133-135 Chestnut St - Apartments FOR SALE


Lynn, MA 01902- North Suburbs-Essex
$1,695,000 USD
203-692-2420
133-135 Chestnut St, Lynn, MA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

133-135 Chestnut St
Lynn, MA 01902
North Suburbs-Essex


HIGHLIGHTS

  • Six-Unit Multifamily Property
  • Two-Bedroom Floor Plans
  • Separate Utilities
  • Two Driveways for Off-Street Parking
  • Situated on a Corner Lot approximately 5,654 (0.13 Acres)
  • Significant Value Add Opportunity Through Interior Renovations & Market Rents

OVERVIEW

Northeast Private Client Group® is pleased to present The Chestnut Street Apartments at 133 Chestnut Street in Lynn, MA. This three-story, six-unit multifamily property has 6 two-bedroom floor plans. For all separate utilities, tenants are responsible for heat & electricity. All units are deleaded & there are two driveways for off-street parking on Chestnut & Olive St. The new buyer has significant upside through interior renovations & market-level rents. It is conveniently located near public transportation, shopping, and dining options, with easy access to Boston. All interested and qualified parties can tour the property during scheduled appointments and obtain additional information upon request.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

6

PRICE/UNIT

$282,500

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1823

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R4, Lynn

APN/PARCEL ID

LYNN-000094-000514-000023

ASK ABOUT THIS PROPERTY

Edward JordanNortheast Private Client GroupMore Info
203-692-2420

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Edward JordanNortheast Private Client GroupMore Info
203-692-2420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.