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29581371
29581372

386 Summer St, Lynn, MA 01905

NorthEast Private Client Group Shelton
DK
MA: 134670
NorthEast Private Client Group Newton
FS
MA: 149766
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton
$4,995,000
119 days on market
Updated 119 days ago

Summer Street Condos

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,800
Units 20
Price per SqFt $338
Year Built 1988

20-Unit Value Add Condo Complex | Lynn, MA

Marketing description

Northeast Private Client Group is proud to exclusively represent the Summer Street Condos located at 386 Summer Street Lynn, MA.

This 20-unit, 14,000 square foot multifamily asset presents a rare opportunity in the high-growth Lynn market. The property consists entirely of two-bedroom, one bathroom condominium units, with ownership controlling 100 percent of the complex. Built in 1988 and maintained with an efficient layout and desirable unit mix, the asset benefits from strong tenant demand, modernized features, and consistent occupancy driven by tenant paid utilities and off-street parking.

Strategically positioned in the heart of Lynn, the property offers excellent accessibility, proximity to key amenities, and direct exposure to one of the most rapidly improving urban environments in Greater Boston. Local population and household growth, combined with rising income levels within one-, three-, and five-mile radius, reinforce the long-term strength of the location.

The property represents a new investor the chance to acquire a fully controlled multifamily asset with both stable income and meaningful near term upside.

Investment highlights

100% Ownership in Twenty Unit Condo Complex

All Two Bed, One Bath Floor Plans

All Tenant Paid Utilities

Off Street Parking

Significant Value-Add Opportunity Through Achieving Market Rent Levels

Listing Contacts

NorthEast Private Client Group Shelton
DK
MA: 134670
NorthEast Private Client Group Newton
FS
MA: 149766
NorthEast Private Client Group Newton
JC
MA: 9568843
NorthEast Private Client Group Newton
Listed by NorthEast Private Client Group Shelton, NorthEast Private Client Group Newton

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Additional Information

Name
Anthony Rakuskas
License
9588289
Brokerage
Northeast Private Client Group
Title
Associate
Brokerage Address
300 Washington Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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