Hardwood St

Lynn, MA

Active

Acquired in 2022

Property Highlights

Optimized layouts by converting 2-bedroom units to 3-bedroom units and 1-bedroom units to 2-bedroom units
Repaired roof, porches and updated electrical wiring
Added automated laundry facilities to generate an additional revenue stream

Overview

We acquired the properties on Hardwood St, which featured larger apartments. Our team focused on renovating the units one by one and optimizing their layouts. The floor plan allowed us to convert 2-bedroom units into 3-bedroom units and 1-bedroom units into 2-bedroom units, maximizing the rental potential. In addition to interior renovations, we repaired the roof, updated electrical wiring, added laundry facilities in the basement for additional revenue, and fixed the porches. This project highlights our ability to optimize property layouts and improve building amenities to enhance property value.