$2,600,000
$2,500,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
340 Parkland Ave Lynn, MA 01905
17 Beds
12 Baths
8,280 SqFt
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 8,280 sqft
Price per Sqft $314
MLS Listing ID 73272572
Sold Date 10/16/24
Bedrooms 17
Full Baths 12
Year Built 1968
Annual Tax Amount $21,767
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Description
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.
Location
State MA
County Essex
Zoning R2
Direction Please use GPS
Rooms
Basement Unfinished
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
Waterfront false
Roof Type Shingle
Total Parking Spaces 12
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Stephen Girolamo • Horvath & Tremblay