For Sale
$5,200,000
15 Huss Ct Lynn, MA 01905
21-unit apartment building, 6.5% cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 131
Highlights
- Attractive financing options are available due to the property's strong 6.5% cap rate and high demand from lenders for multifamily investments.
- Exceptional demographics, including over 94,188 residents and an average household income exceeding $71,597 within a 3-mile radius, contribute to low vacancy rates.
- Value-add potential exists through rent growth and long-term appreciation, supported by a strong initial cap rate.
- The property benefits from a prime transit-oriented location with easy access to major roadways (Routes 1A, 1, 107, and 60), public transportation, and nearby towns (Swampscott, Marblehead, Nahant, and Revere).
Property Details for 15 Huss Ct
- Property type
- Apartment buildings
- Square Feet
- 23,585 SF
- Class
- C
- Year Built/Renovated
- 1923/2021
- Buildings
- 1
- Stories
- 3
- Units
- 21
Location Insight
- City
- Lynn
- County
- Essex
- State
- Massachusetts
- Latitude
- 42.462327626508
- Longitude
- -70.959881810171
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 21-unit apartment building, 6.5% cap rate.
- Where is the apartment building located?
- The property is located at 15 Huss Ct Lynn, MA.
- What is the asking price?
- The asking price for this property is $5,200,000.
- What are key features of this property?
- This property features: Attractive financing options are available due to the property's strong 6.5% cap rate and high demand from lenders for multifamily investments.; Exceptional demographics, including over 94,188 residents and an average household income exceeding $71,597 within a 3-mile radius, contribute to low vacancy rates.; Value-add potential exists through rent growth and long-term appreciation, supported by a strong initial cap rate.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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