108 Franklin St, Lynn, MA, 01902
99 rooms
55 beds
30 Full baths
1960
23,316 sqft
108 Franklin St contains thirty (30) total units comprised of twenty-five (25) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.50-acre parcel and offers ample parking with thirty-two (32) spaces available via a large parking lot to the front of The Property. The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and heat, common area electricity, and city water and sewer. The Property is strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore’s most dynamic urban centers. In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential market.
Status:
Active
Type:
Multi-family
Units:
30
Zoning:
R4
Levels:
3
Parking:
32-car, Off Street
Acreage:
0.5
Est. Taxes:
$59,444
Assessment
$5,737,800
Lot Description:
Other
Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
MLS #:
73451577
Community Info
School Info
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Listing courtesy of Stephen Girolamo, Horvath & Tremblay 781-776-4000