BEDS83
BATHS71 full
SQUARE FEET41,837
MLS#73538322
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare portfolio opportunity in Lynns Diamond District. The offering includes five multifamily properties located at 63-69 Lynnway, 100, 104 & 106 Newhall Street, plus an additional 9,592 SF parcel at 9 Chancery Lane, zoned R5 with potential development upside. The portfolio consists of 71 residential units, including 19 studios, 40 one-bedroom units, and 12 two-bedroom units, providing a diverse unit mix that appeals to a broad tenant base. Large scale capital improvements have been completed, minimizing near-term capital expenditures for new ownership. This is the opportunity to acquire scale in one of Greater Bostons most supply-constrained rental markets with strong demand, low vacancy, and long-term appreciation potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Lot Size: 0.77 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $128,874
Year Built: 1910
Feature Descriptions
Building Area Total: 41837
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, T-Station, University
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 36
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Circuit Breakers,200+ Amp Service
Exterior: Frame
Flooring: Tile, Vinyl, Varies, Hardwood
Lot Features: Corner Lot
Parcel Number: M:080 B:584 L:007
Parking Total: 0
Patio And Porch: Porch
Rooms Total: 7
Sewer: Public Sewer
Units: 71
Water: Public
Waterfront Features: Ocean,0 to 1/10 Mile To Beach, Beach Ownership(Public)
Listed By / Shown By
Listed By
Agency Name: North Shore Realty Advisors
Agent Name: Dan Pouladian
Agency Phone: 617-548-7737
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 46,610.07 per month $31,714.32 Principal & Interest $10,739.50 Property Tax $4,156.25 Homeowner's Insurance
63 Lynnway Portfolio | MLS# 73538322
This multi-family property located at 63 Lynnway Portfolio, Lynn, MA 01902 is currently listed for sale with an asking price of $14,250,000. Search Lynn real estate on www.masiellogrouprealestate.com today.