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In-PersonVirtual Tour
$ 870,000
Est. payment | /mo
10 Beds
10 Baths
12,612 SqFt
$ 870,000
Est. payment | /mo
10 Beds
10 Baths
12,612 SqFt
Open House
Wed Apr 22, 2:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,612 sqft
Price per Sqft $68
MLS Listing ID 73488526
Bedrooms 10
Full Baths 10
Year Built 1830
Annual Tax Amount $3,729
Tax Year 2016
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type 5-9 Family
Property Description
Exceptional shovel-ready development at 82 Fayette Street, located in one of Lynn's fastest-growing and revitalizing areas. This fully permitted 8-unit new construction project already has foundation work in progress, significantly reducing timeline and upfront risk.The thoughtfully designed building features four well-appointed single-level units on the first floor and four expansive duplex residences above, offering a desirable mix of 1, 2, 3, and 4-bedroom layouts to capture a wide tenant and buyer pool.All approvals are secured, allowing immediate continuation of construction. This is a rare opportunity to deliver modern, high-end housing in a market with strong rental demand and continued appreciation.Positioned for maximum return, this project is ideal for investors seeking long-term cash flow, condo conversion potential, or resale profit in a prime location with proven growth trajectory.
Location
State MA
County Essex
Zoning BD
Direction map question
Interior
Interior Features Living Room, Kitchen, Dining Room
Exterior
Total Parking Spaces 16
Garage No
Building
Story 6
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Special Listing Condition Short Sale
Listed by Century 21 North East
Nearby Locations