386 Summer St, Lynn, MA

$5,200,000

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3,600

Square feet

0.39

Acres

About 386 Summer St

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.

Features of 386 Summer St

MLS® # 73161244
Price $5,200,000
Bathrooms 0.00
Square Footage 3,600
Acres 0.39
Year Built 1985
Type Commercial Sale
Status Active

Community Information

Address 386 Summer St
City Lynn
County Essex
State MA
Zip Code 01905

Amenities

Utilities Public Water, Public Sewer, Natural Gas Available
Parking Spaces 20
Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Roof Shingle

Additional Information

Zoning BD

Listing Details

Agent Louise Touchette Team
Office Coldwell Banker Realty - Lynnfield
Buyer Agent Compensation 2
Facilitator Compensation 2

Listing Map

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