Pending

Under Agreement

340 Parkland Ave

Lynn MA, 01905

$2,500,000


$301.93 per sqft

Pending

Under Agreement

17 Beds

12 Baths

8,280 sqft

Multi-family

Built in 1968

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.

73272572

MLS ID

August 1, 2024

Listed

September 13, 2024

Updated

Map

340 Parkland Ave
Lynn MA, 01905

Interior Features

Total Stories

3


Bedrooms

17


Total Bathrooms

12


Full Bathrooms

12


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.21 Acres


Lot Features

Corner Lot


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$21,767


Tax Frequency

Annually


Days on Market

14


Garage

No


Parking

Off Street, Assigned


Parking Total

12


View

No


County

Essex


Water Source

Public


Pool

No


Zoning

R2

Listing History

Date

Event

Price

8/15/2024

Pending

 

Courtesy of Dennis Kelleher, Horvath & Tremblay

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Data last updated 6:21 AM UTC, 9/13/2024

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