7-9 Holland Ave - Apartments FOR SALE


Lynn, MA 01905
$1,900,000 USD
781-776-4000
7-9 Holland Ave, Lynn, MA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/14
null | 5.88% Cap Rate

7-9 Holland Ave
Lynn, MA 01905


HIGHLIGHTS

  • Walkable Downtown Location
  • Significant Upside Potential
  • Transit Oriented Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multifamily investment property located at 7-9 Holland Avenue in Lynn, Massachusetts (the “Property”). The three-story building contains six (6), 1-Bedroom/1-Bathroom units and three (3), 2-Bedroom/1Bathroom units with 8,493 square feet of living area in 11,468 square feet of gross area on a 0.13-acre parcel. The Property also features on-site parking for eleven (11) vehicles. 7-9 Holland Avenue is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities within walking distance and around Lynn’s Central Square. The Property is within 0.2-miles from Market Basket, 0.9-miles from Stop & Shop and is just 1.3-miles from Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities, including retail, restaurants, entertainment and public transportation. Additionally, the Property is just 1.3 miles from the Central Square commuter rail station, with service to Boston’s North Station, and 11 miles from Downtown Boston The Property is 1.5 miles from The Mosaic, a new, six-story, 147,500 square foot mixed-use development on 69 Baldwin Street. The ground floor includes 3,500 sf of retail and restaurant space, while floor two through six consists of 146 apartment units.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

9

PRICE/UNIT

$211,111

CAP RATE

5.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

LYNN-000037-000277-000025

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.