Lynn, Massachusetts, offers a unique opportunity for investors to capitalize on the city's rich history, cultural diversity, and prime location. Multi-Family Properties in Lynn for sale present an attractive investment option, with the potential for steady income and long-term appreciation. These properties can range from small apartment buildings to larger complexes, catering to a diverse range of tenants. Lynn's strong economy, driven by industries such as tannery, shoe-making, and creative placemaking, ensures a consistent demand for housing. The city's infrastructure, including transportation services like the MBTA Commuter Rail system and access to major highways, makes it an attractive location for residents. Additionally, Lynn's amenities, such as North Shore Community College, Lynn Woods Reservation, and Manning Field, enhance the quality of life for residents, making it an ideal place to invest in Multi-Family Properties.
With 3 Multi-Family Properties for sale in Lynn, investors have a wide range of options to choose from. The average price per square foot is $280 USD, with an average size of 7,665 square feet. The largest property available is 14,727 square feet, offering ample opportunities for investors to find the perfect fit. In addition to Multi-Family Properties, Lynn also offers Retail Space, Shopping Centers, Residential Income Homes, and Office Properties for sale, each with its unique benefits and opportunities. Retail Space in Lynn benefits from the city's cultural district and public parks, attracting a diverse range of customers. Shopping Centers in Lynn thrive on the city's strong economy and convenient transportation services. Residential Income Homes in Lynn offer a steady income stream, while Office Properties in Lynn capitalize on the city's growing creative placemaking industry. Overall, Lynn presents a diverse and attractive market for investors, with Multi-Family Properties being a prime opportunity for those looking to capitalize on the city's growth.
What is the average cap rate for multi-family properties in the Lynn market?
In the Lynn market, investors can expect an average cap rate of 5.41% for multi-family properties. To better understand the significance of this rate, it's essential to know what is a cap rate, which is a crucial metric in commercial real estate investing, as explained in our article at what is a cap rate.
What should I know about financing options for buying an apartment building in Lynn?
When considering financing options for buying an apartment building in Lynn, Massachusetts, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans) that can help you secure the property of your choice, such as one of the 3 available listings, with an average price per square foot of $280 USD and an average size of 7,665 square feet.
- CRE loans, as explained in our article at commercial real estate loans, can provide the necessary funding to purchase a multi-family property in Lynn, with average cap rates of 5.41%.
- Lynn's diverse economy, rich history, and cultural attractions, such as the Beyond Walls festival and Lynn Woods Reservation, make it an attractive location for investors and residents alike.
- With access to major transportation facilities, including Lynn station on the Newburyport/Rockport Line of the MBTA Commuter Rail system and Massachusetts State Route 1A, Route 107, Route 129, and Route 129A, apartment buildings in Lynn can offer residents convenient access to Boston and other neighboring communities.
