340 Parkland Ave, Lynn MA 01905
About this home
340 Parkland Ave contains 12 units comprised of (7) 1-Bedroom/1-Bathroom units and (5) 2-Bedroom/1-Bathroom units. The Property features an on-site laundry facility and parking for 12 vehicles. In-place leases are significantly below market rates; the opportunity exists to drive rental rates in an urban-infill, high demand/supply-constrained residential market. 340 Parkland Avenue is well-located in a densely populated residential neighborhood 1.75-miles northwest of Downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities along Boston Street and Western Avenue. Additionally, The Property is 2-miles from the Central Square commuter rail station with services to Boston’s North Station, and 12 miles from Downtown Boston.
Sale Statistics
This property sold for 4.0% above the original asking price, indicating strong buyer demand.
With only 13 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
340 Parkland Ave, Lynn MA 01905
Lynn, MA 01905
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Oct 16, 2024Listed for Sale
Aug 1, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/16/2024 | ✓ Sold | $2,600,000 | - | - | Property sold |
| 08/01/2024 | 🏠 Listed for Sale | $2,500,000 | - | - | Original listing |