About 44 Estes Street Portfolio
Rare opportunity to acquire an 62-unit, five-property multifamily portfolio concentrated within one of Lynn's established residential neighborhoods: 44 & 38 Estes Street, 8-10 & 12-14 Fortesque Street and 32 Chestnut Street. Unit mix is primarily one-bedrooms, with select two-bedroom and studio units. Properties are professionally maintained with a history of capital improvements; several offer on-site parking and laundry facilities. Current vacancy provides clear lease-up and rent optimization upside, while occupied units generate stable in-place income. Close proximity of assets allows for centralized leasing, management, and maintenance. Attractive assumable financing available under a portfolio loan--ask listing agent for more details. A rare offering combining scale, stable cash flow, value-add potential, and below-market financing on Boston's North Shore.
Features of 44 Estes Street Portfolio
| MLS® # | 73549418 |
|---|---|
| Price | $13,299,000 |
| Bedrooms | 64 |
| Bathrooms | 62.00 |
| Full Baths | 62 |
| Square Footage | 42,486 |
| Acres | 0.58 |
| Year Built | 1926 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 44 Estes Street Portfolio |
|---|---|
| City | Lynn |
| County | Essex |
| State | MA |
| Zip Code | 01902 |
Amenities
| Parking Spaces | 15 |
|---|---|
| Parking | Off Street, Driveway |
| Is Waterfront | No |
| Waterfront | Bay, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public) |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
| Stories | 2 |
Exterior
| Exterior Features | Other |
|---|---|
| Lot Description | Other |
| Roof | Rubber, Other |
| Construction | Frame, Brick, See Remarks |
| Foundation | Other |
Additional Information
| Zoning | 9 |
|---|
Listing Details
| Agent | Daniel Alper |
|---|---|
| Office | Boston Realty Advisors |