386 Summer Street
- 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
Property Description
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.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,995,000 |
| No. of Units: | 20 |
| Year Built: | 1988 |
| Opportunity Zone: | No |
| Price per unit: | $249,750 |
| Property Website | Click Here |
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