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559-571 Summer St
Lynn, MA 01905
The Saint Michael's Luxury Residences · Multifamily Property For Sale · 20 Units

Property Facts

No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 0.73 AC
Building Size 32,000 SF
No. Stories 2
Year Built 2019
Parking Ratio 0.97/1,000 SF
Zoning BD

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Double Vanities
  • Granite Countertops
  • High Speed Internet Access
  • Sprinkler System
  • Basement
  • Double Pane Windows

About 559-571 SUMMER ST , LYNN, MA 01905

The Saint Michael’s Luxury Residences located at 559-571 Summer Street in Lynn, MA is comprised of 20 brand new luxury apartments (9 two-bedrooms, 10 three-bedrooms, and 1 four-bedroom) many of which are townhouse-style with private entrances. The property is comprised of 3 separate gut renovated buildings – an historic church, rectory and school all adjacent to each other have undergone extensive modern design renovations. Situated on 0.73-Acre site, the buildings total approximately 32,000 square feet in area and there are 31 off-street parking spaces. The property benefits from its location proximity to the MBTA Commuter Rail line (River Works) as well as the 450 MBTA bus which stops right out front. All apartments are brand-new condo quality units complete with high-efficiency gas heat, central AC, tank-less hot water, individual electric, in-unit laundry H/U, spray foam insulation, and soundproofing. The offering presents investors with the opportunity to purchase a brand new, transit-oriented multifamily property featuring a unique mix of town home and loft-style apartments in one of Greater Boston’s hottest rental markets. Note: The property is currently under construction and will be delivered complete to investors. All rental estimates are based on projections only.

Property Taxes

Property Taxes

Parcel Number
LYNN M:037 B:280 L:014 S:004
Land Assessment
$0
Improvements Assessment
$410,300
Total Assessment
$410,300
  • Listing ID: 17821150

  • Date on Market: 11/26/2019

  • Last Updated:

  • Address: 559-571 Summer St, Lynn, MA 01905

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