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Comment

Richard, please remove my listing for the Apartment for Sale, it has been sold. Your site is great. Thanks Dave
 

27 Unit Apartment Complex for Sale
57-61 Vine Street
Lynn, MA 01905
County: Essex

27 Units
20,646 sq ft

Occupancy: 100%
Price: $1,595,000
Price Per Unit: $59,074
GRM: 6.16
Cap Rate: 11.25%
Year Built: 1910

Financial Statement and Rent Roll

The apartments located at 57-59 & 61 Vine Street in Lynn MA are comprised of 27 units (24-two bedroom and 3-three bedroom) totaling 20,646 rentable square feet (according to public record) in two-3 story buildings built approximately in 1910. Property comes with a long time, very capable resident house manager in place, all locks on master system, separate updated gas heating systems, vinyl thermopane windows and rubber roofs. Potential additional income through coin-op laundry for which there are already hookups on-site.

Contact Either

Richard Cawley at (617) 529-1141

or
Jason Braun at (617) 416-5003

 

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Comment

Dear Richard,

Thank You very much for your help on the financing. The rate turns out to be better than expected...

Joe D.

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