Amazing Investment Opportunity! Completely renovated in 2023, this turnkey five-unit property offers strong income potential and peace of mind for investors. Major improvements include a new roof, new siding, updated electrical systems, five new heating systems, five new water heaters, new windows, and numerous additional upgrades throughout. The property features an attractive unit mix consisting of three spacious three-bedroom apartments and two well-appointed two-bedroom apartments. Additional highlights include off-street parking, de-lead compliance certificates for all units, and low-maintenance ownership with significant capital improvements already completed. A rare opportunity to acquire a fully updated multifamily asset with excellent rental appeal and long-term investment value.
- Heating System:
- Natural Gas
- Basement:
- Full, Interior Entry, Concrete
- Parking:
- Off Street, Paved Drive
- Appliances:
- Range, Refrigerator
- Construction:
- Frame
- Exterior Unit Features:
- Rain Gutters
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Interior Features:
- Kitchen, Living Room
- Lead Paint:
- Certified Treated
- Road Type:
- Paved
- Rent Fee Includes:
- Unit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
- Area:
- East Lynn
- Market Time:
- 4
- Parking Spaces:
- 5
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $345
- Zoning:
- R2
- No Units:
- 5
- Orig Price:
- $1,850,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01902
- Longitude:
- W71° 3' 54.6''
- Latitude:
- N42° 28' 1.1''
Residential Income
77-79 Chestnut Street, Lynn, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,850,000
- Bedrooms :
- 13
- Rooms :
- 23
- Total Bathrooms :
- 5
- Full Bathrooms :
- 5
- Square Footage :
- 5,368 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.13 Acre
- Listing ID :
- 73535799
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
