Central Ave

Lynn, MA

Active

Acquired in 2017

Property Highlights

Repaired and updated units as tenants turned over
Leveraged rent growth for both market and Section 8 tenants
Redid masonry and roof to improve property value

Overview

We acquired a sturdy brick building on Central Ave in Lynn MA, which had strong bones and electrical wiring but suffered from poor management and outdated unit aesthetics. As tenants turned over, we focused on repairing and updating the units to enhance their appeal. In doing so, we successfully leveraged the drastic rent growth for both market and Section 8 tenants. We also redid the masonry and roof, further improving the property’s value. This project demonstrates our ability to identify and capitalize on value-add opportunities to generate significant returns.