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Chestnut Street Apartments 133-135 Chestnut St 6 Unit Apartment Building $1,650,000 ($275,000/Unit) Lynn, MA 01902
Investment Highlights
- Six-Unit Multifamily Property
- Separate Utilities
- Situated on a Corner Lot approximately 5,654 (0.13 Acres)
- Two-Bedroom Floor Plans
- Two Driveways for Off-Street Parking
- Significant Value Add Opportunity Through Interior Renovations & Market Rent
Executive Summary
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.
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.
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Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $275,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,654 SF |
| No. Units | 6 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1823 |
| Apartment Style | Low-Rise | ||
| Zoning | R4, Lynn - Commercial | ||
| Price | $1,650,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,654 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1823 |
| Zoning | R4, Lynn - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Property Taxes
| Parcel Number | LYNN-000094-000514-000023 | Improvements Assessment | $1,083,200 |
| Land Assessment | $189,000 | Total Assessment | $1,272,200 |
Property Taxes
Parcel Number
LYNN-000094-000514-000023
Land Assessment
$189,000
Improvements Assessment
$1,083,200
Total Assessment
$1,272,200
Contacts
-
Francis Saenz -
Drew Kirkland -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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Chestnut Street Apartments | 133-135 Chestnut St
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