386 Summer St - Apartments FOR SALE


Lynn, MA 01905- North Suburbs-Essex
$4,995,000 USD
857-990-6802
386 Summer St, Lynn, MA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/3


HIGHLIGHTS

  • 100% Ownership in Twenty Unit Condo Complex
  • All Two Bed, One Bath Floor Plans
  • All Tenant Paid Utilities
  • Off Street Parking
  • Significant Value-Add Opportunity Through Achieving Market Rent Levels

OVERVIEW

Northeast Private Client Group is proud to exclusively represent the Summer Street Condos located at 386 Summer Street Lynn, MA. This 20-unit, 14,000 square foot multifamily asset presents a rare opportunity in the high-growth Lynn market. The property consists entirely of two-bedroom, one bathroom condominium units, with ownership controlling 100 percent of the complex. Built in 1988 and maintained with an efficient layout and desirable unit mix, the asset benefits from strong tenant demand, modernized features, and consistent occupancy driven by tenant paid utilities and off-street parking. Strategically positioned in the heart of Lynn, the property offers excellent accessibility, proximity to key amenities, and direct exposure to one of the most rapidly improving urban environments in Greater Boston. Local population and household growth, combined with rising income levels within one-, three-, and five-mile radius, reinforce the long-term strength of the location. The property represents a new investor the chance to acquire a fully controlled multifamily asset with both stable income and meaningful near term upside.

FOR SALE DETAILS

PRICE

$4,995,000 USD

# OF UNITS

20

PRICE/UNIT

$249,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summer Street Condos

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

LYNN-000052-000773-000028-000001-000001

ASK ABOUT THIS PROPERTY

Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

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Drew KirklandNortheast Private Client GroupMore Info
857-990-6802

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