Lynn Portfolio

Investment Overview

The Lynn Multifamily Portfolio presents a rare opportunity to acquire an 89-unit multifamily portfolio consisting of six adjacent and neighboring assets strategically concentrated within one of Lynn’s most established residential neighborhoods. The portfolio includes 44 & 38 Estes Street, 8-10 & 12-14 Fortesque Street, 32 Chestnut Street, and 77 Green Street, offering investors immediate scale within a single submarket and the operational efficiencies that accompany a clustered ownership position. The portfolio is comprised primarily of one-bedroom apartments, complemented by select two-bedroom and studio units, creating an efficient and highly marketable unit mix supported by strong renter demand and favorable market fundamentals. The collective assets have been professionally maintained & benefit from a history of capital improvements, with several properties featuring desirable amenities such as on-site parking and laundry facilities. Current vacancy provides a clear value add opportunity through lease-up and rent optimization, while the occupied units generate stable in-place cash flow. This combination of existing income and near-term upside allows investors to enhance returns without undertaking significant capital expenditure programs. A defining attribute of the offering is the close proximity of the assets, enabling meaningful economies of scale through centralized leasing, management, maintenance, and capital planning. Opportunities to acquire a multifamily portfolio of this scale and concentration within a single North Shore submarket are exceedingly rare, particularly in Lynn, where continued public and private investment, improving demographics, and strong rental demand continue to drive market growth. Additionally, the portfolio may be acquired with the benefit of highly attractive assumable financing. 77 Green Street is encumbered by long-term debt featuring favorable terms, while several of the remaining assets are financed under a separate portfolio loan that may also offer assumption potential. The availability of below-market financing presents investors with a unique opportunity to enhance leveraged returns and mitigate interest rate risk in today’s capital markets environment. The Lynn Multifamily Portfolio offers a compelling combination of scale, operational efficiency, stable cash flow, embedded value-add potential, and attractive financing, positioning it as one of the most significant multifamily investment opportunities currently available on Boston’s North Shore.

Investment Highlights

• Prime location in Lynn, MA
• Attractive assumable financing
• Strong in place income
• Portfolio opportunity
• Recent capital improvements