$5,200,000
Active
42 Days Online
0 Beds20 Baths3,600 SQFT
Active

386 Summer St Lynn, MA 01905

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This is your opportunity to own 20 approved condos, With 2 Bedrooms 1 Bath in every unit . Currently utilized as rental apartments. Several units have been updated, featuring modern kitchens, granite or Formica countertops, an array of flooring including hardwood, laminate, tile and carpet. Additionally, the convenience of in-unit laundry hook-ups, 20 parking spaces and so much more. With a substantial monthly rental roll of $30,000 and the potential for future rent adjustments, this offering presents an ideal opportunity for savvy investors seeking a high-quality asset poised for growth. Perfectly situated with easy access to the T Station and several bus lines, and in close proximity to many shops and malls, this property seamlessly combines convenience and quality, making it a compelling investment prospect. Please call for appt.

  • Property TypeCommercial
  • NeighborhoodN/A
  • CountyEssex
  • Taxes$45,000
  • HOA/Condo/Coop Fees$0
  • Days on Site42 Days
  • MLS StatusActive
  • MLS ID Number73161244
  • Home Size Source N/A
  • Year Built1985
  • Lot Size0.39 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Spaces 20
  • Acreage 0.39
  • Zoning BD
  • Utilities Natural Gas Available

Exterior Features

  • Roof Shingle
  • Waterfront Property No

Community Features

  • Senior Community No
  • Adult Care Community No

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Monthly Payment (Est.)

$25,156
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