$2,500,000
340 Parkland Ave
Lynn, MA, 01905
340 Parkland Ave contains 12 units comprised of (7) 1-Bedroom/1-Bathroom units and (5) 2-Bedroom/1-Bathroom units. The Property features an on-site laundry facility and parking for 12 vehicles. In-place leases are significantly below market rates; the opportunity exists to drive rental rates in an urban-infill, high demand/supply-constrained residential market. 340 Parkland Avenue is well-located in a densely populated residential neighborhood 1.75-miles northwest of Downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities along Boston Street and Western Avenue. Additionally, The Property is 2-miles from the Central Square commuter rail station with services to Boston’s North Station, and 12 miles from Downtown Boston.
Property Details
Price:
$2,500,000
MLS #:
73272572
Status:
Pending
Beds:
17
Baths:
12
Address:
340 Parkland Ave
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Side by Side
City:
Lynn
Listed Date:
Aug 1, 2024
State:
MA
Finished Sq Ft:
8,280
Total Sq Ft:
8,280
ZIP:
01905
Lot Size:
9,016 sqft / 0.20 acres (approx)
Year Built:
1968
Units:
12
Schools
Interior
Bathrooms
12 Full Bathrooms
Exterior
Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T- Station
Parking Features
Off Street, Assigned
Parking Spots
12
Roof
Shingle
Financial
Tax Year
2024
Taxes
$21,767
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Horvath & Tremblay. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
340 Parkland Ave
Lynn, MA
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