Khurram Zaheer & Alexander Colarusso Broker Sale Of Lynn Multifamily For $1.43M

The multifamily property located at 99 South Street in Lynn, MA was sold for $1,427,500. The property features 18 beds and 6 baths spread across six units, with each unit offering 5 rooms, 3 bedrooms, and 1 bath. Additionally, the property comes with separate gas and electric meters, indicating significant potential for rental revenue growth, as current rents are below market value.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,427,500
• Units: 6
• Price Per Unit: $237,917
• Square Footage: 6,630
• Price Per Square Foot: $215
• Address: 99 South Street, Lynn, MA
• Market: Lynn, MA

The buyer's representative in this transaction was Khurram Zaheer from Cameron Prestige, while the seller's representative was Alexander Colarusso from Colarusso Realty, representing both sides of the deal.