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 |
|---|
Additional Information
| Zoning | BD |
|---|
Listing Details
| Agent | Louise Touchette Team |
|---|---|
| Office | Coldwell Banker Realty - Lynnfield |
| Buyer Agent Compensation | 2 |
| Facilitator Compensation | 2 |