340 Parkland Ave, Lynn, MA 01905

$2,600,000
17
BD
12
BA
8,280
SqFt

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Sold Price
$2,600,000
List Price
$2,500,000
Status
SOLD
MLS#
73272572
Bedrooms
17
Bathrooms
12
Full Baths
12
Living Area
8,280
Lot Size (Acres)
0.2
Year Built
1968

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.

Additional Information

Taxes
$21,767
Parking Description
Off Street, Assigned
Lot Description
Corner Lot
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Dennis Kelleher from Listing Office: Horvath & Tremblay.

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