215 Fairmount Street
Lynn, MASold
About the Property
Colliers Capital Markets is pleased to present Ironwood Apartments, a 100-unit, recently constructed luxury apartment community located in Lynn, MA. The 100% market-rate property consists of two buildings with an ideal mix of one=bedroom and two-bedroom units. These luxury residences feature large open floor plans, quartz countertops, black stainless steel appliances, balconies for select units, central A/C, and in-unit washer/dryer. In addition, the property offers residents on-site parking at a 1:6:1 ratio, a state-of-the-art fitness center, secure bicycle storage, outdoor patios with cooking and fireplace facilities, and a 3,000 sf rooftop terrace with sweeping views of Lynn Woods, the Atlantic Ocean, and the Boston skyline.
Ironwood Apartments’ new build and construction quality make it a highly desirable asset in one of Greater Boston’s transformative cities. This asset provides investors with strong cash flow, a proven ability to increase in-place rents, and a basis well below replacement cost.
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Property Information
167 & 215 Fairmount Ave
Lynn MA 01905
Land Area:2.05 Acres
Year Built: 2018/2019
Net Rentable Area: 76,619 SF
# of Buildings: 2
# of Units: 100
Parking: 64 – Garage Parking
96 – Surface Parking
160 Total Spaces (1.60/unit)
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