69 Chestnut st | Lynn, MA 01902
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69 Chestnut st
Lynn, MA 01902
Lafayette Park Apartments · Multifamily Property For Sale · 6 Units
Investment Highlights
- Six-Unit Multifamily Property
- Tenant Paid Utilities
- Coin-Op Laundry Income
- (4) Two-Bedroom & (2) Three-Bedroom Floor Plans
- Off-Street Parking
- Significant Value-Add Opportunity
Executive Summary
Northeast Private Client Group® is pleased to present The Lafayette Park Apartments at 69 Chestnut Street in Lynn, MA.
This three-story, six (6) unit multifamily property consists of (4) two-bedroom & (2) three-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 & Lafayette Street. The new buyer has significant upside through interior renovations & market-level rents.
Lynn is situated on the Atlantic coast, providing one of the most unique downtown atmospheres in Massachusetts outside of Boston. Centered around the town square and Lynn Common, Downtown Lynn is full of unique rentals and engaging entertainment hotspots.
Lofts, condos, and waterfront apartments provide access to the city’s concentration of restaurants, bars, and music venues. There’s also convenient access to the Central Square train station and the area’s comprehensive public transit.
All interested and qualified parties can tour the property during scheduled appointments and obtain additional information upon request.
This three-story, six (6) unit multifamily property consists of (4) two-bedroom & (2) three-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 & Lafayette Street. The new buyer has significant upside through interior renovations & market-level rents.
Lynn is situated on the Atlantic coast, providing one of the most unique downtown atmospheres in Massachusetts outside of Boston. Centered around the town square and Lynn Common, Downtown Lynn is full of unique rentals and engaging entertainment hotspots.
Lofts, condos, and waterfront apartments provide access to the city’s concentration of restaurants, bars, and music venues. There’s also convenient access to the Central Square train station and the area’s comprehensive public transit.
All interested and qualified parties can tour the property during scheduled appointments and obtain additional information upon request.
PROPERTY FACTS
| Price Per Unit | $275,000 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 5,002 SF |
| Cap Rate | 6.07% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1875 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 5,002 SF |
| No. Stories | 3 |
| Year Built | 1875 |
zoning
| Zoning Code | R-1 |
| R-1 |
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