OFFERING BY - LoopNet...OWN NEW BUILDING IN TRANSIT-ORIENTED GROWING AREA MBTA BUS #450 STOPS...
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TM OFFERING BY LYNN MASSACHUSETTS www.thestmichaels.com
Transcript of OFFERING BY - LoopNet...OWN NEW BUILDING IN TRANSIT-ORIENTED GROWING AREA MBTA BUS #450 STOPS...
TM
OFFERING BY
LYNN MASSACHUSETTS
www.thestmichaels.com
Investment Overview TM
The Saint Michael’s Luxury Residences located at 559-571 Summer Street in Lynn, MA is comprised of 20 brand new luxury apartments (9 two-bedrooms, 10 three-bedrooms, and 1 four-bedroom) many of which are townhouse-style with private entrances. The property is comprised of 3 separate gut renovated buildings – a historic church, rectory and school all adjacent to each other. Situated on 0.73-Acre site, the buildings total approximately 32,000 square feet in area and there are 31 off-street parking spaces. The property benefits from its location proximity to the MBTA Commuter Rail line (River Works) as well as the 450
MBTA bus which stops right out front. All apartments are brand-new condo quality units complete with high-efficiency gas heat, central AC, tank-less hot water, individual electric, in-unit laundry H/U, spray foam insulation, and soundproofing. The offering presents investors with the opportunity to purchase a brand new, transit-oriented multifamily property featuring a unique mix of town home and loft-style apartments in one of Greater Boston’s hottest rental markets. Note: The property is currently under construction and will be delivered complete to investors. All rental estimates are based on projections only.
559-
571 S
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SIDE
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OMPL
EX FA
CING
NOR
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OPPORTUNITY TO OWN NEW BUILDING IN TRANSIT-ORIENTED
GROWING AREA
MBTA BUS #450 STOPS OUTSIDE ON SUMMER ST
HIGH-EFFICIENCY GAS HEAT, CENTRAL AC, TANKLESS HOT
WATER, IN-UNIT LAUNDRY
20 BRAND NEW LUXURY TOWN-
HOUSE AND LOFT STYLE UNITS
Location OverviewTM
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Located 10 miles north of Boston, the city of Lynn is the largest city in Essex County and the 5th oldest colonial settlement in the Commonwealth of Massachusetts. Lynn is currently undergoing a transformation from an old industrial and historic downtown area to a major development boom evident by this property merging the historic side of Lynn with the new trans formative urban dynamic. The influx of new luxury units is increasing with
multiple new large-scale development projects in the downtown area. Commuters have two separate options to get to Boston’s downtown employment centers; the 450 MBTA bus connecting through Wonderland Station on the Blue Line, with the pickup location on the corner of Western Ave and Summer St and more direct access with the River Works Commuter Rail Newburyport/Rockport Line, half a mile southeast of the property.
All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions, prior to sale or lease, or withdrawal without notice. UMF Commercial makes no warranty or representation about the content of this brochure. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. © United Multi Family 2019.
45 Braintree Hill Office Park, Suite 203 Braintree, MA 02184 800.546.4917 www.umf.com
EXCLUSIVELYOFFERED BY
RICH CAWLEY [email protected]
KURT CAWLEYSr. Director [email protected]
KYLE GOSSETTSr. [email protected]
TM
www.thestmichaels.com
