News: Front Section
Posted: July 1, 2022
Pouladian of North Shore Realty Advisors, Inc. sells 67 Tudor St., Lynn, MA for $5.3 million
Lynn, MA Dan Pouladian of North Shore Realty Advisors, Inc. sold 67 Tudor St., a 27-unit apartment building. This asset sold for $5.3 million, or $196,296 per unit.
The property offers investors a vast amount of untapped value by increasing rents to market levels as well as the opportunity to implement a comprehensive unit renovation program that would generate significant rental income upside.
The four-story separately metered property consists of 27 residential units with a blend of studio and one-bedroom apartments. The building is 16,804 rentable s/f and 19,156 total gross s/f and situated on .17 acres.
This location provides residents with transit access with multiple bus stops on Newhall St., Surfside Rd. and Beach Rd. The property is also a short distance to the Lynn Commuter Rail with a 15-minute commute into Boston and a short walk to the Community College, Nahant Beach, Lynn Shore Dr. and Swampscott.
Pouladian was the exclusive agent represented the seller and procured the buyer through his private client network.
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