Lafayette Park Apartments | 69 Chestnut st
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Lafayette Park Apartments 69 Chestnut st
6 Unit Apartment Building $2,376,330 CAD ($396,055 CAD/Unit) 6.07% Cap Rate Lynn, MA 01902
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 | $2,376,330 CAD | Apartment Style | Low Rise |
| Price Per Unit | $396,055 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.07% | Building Size | 5,925 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1875 |
| Property Subtype | Apartment |
| Price | $2,376,330 CAD |
| Price Per Unit | $396,055 CAD |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,925 SF |
| No. Stories | 3 |
| Year Built | 1875 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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Walk Score ®
Very Walkable (86)
zoning
| Zoning Code | R-1 |
| R-1 |
Contacts
-
Edward Jordan -
Francis Saenz -
Drew Kirkland -
James Casey -
Northeast Private Client Group
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Lafayette Park Apartments | 69 Chestnut st
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