29-35 Sagamore St - Apartments FOR SALE


Lynn, MA 01902- Downtown Lynn
$2,649,000 USD
617-768-7333
29-35 Sagamore St, Lynn, MA for Sale
$2,649,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

29-35 Sagamore St
Lynn, MA 01902
Downtown Lynn


OVERVIEW

29-35 Sagamore Street presents a rare opportunity to acquire two adjacent, fully occupied 6-unit multifamily buildings in a highly desirable coastal neighborhood of Lynn. The properties consist of twelve total apartments comprised of six 2-bedroom / 1-bathroom units and six 1-bedroom / 1-bathroom units, along with 12+ off-street parking spaces and an on-site laundry facility. Located just moments from the beach, the asset benefits from strong tenant demand driven by its coastal setting, access to public transportation, and convenient connectivity to Boston and the North Shore. With all units occupied, 29-35 Sagamore Street presents a turnkey investment opportunity with immediate in-place income and long-term upside potential.

FOR SALE DETAILS

PRICE

$2,649,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

12

PRICE/UNIT

$220,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R-5, Lynn

APN/PARCEL ID

LYNN-000081-000581-000010

ASK ABOUT THIS PROPERTY

Daniel AlperBoston Realty AdvisorsMore Info
617-768-7333

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Daniel AlperBoston Realty AdvisorsMore Info
617-768-7333

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