We are excited to present this 8-unit multifamily deal located at 81A-83 Franklin Street in Lynn, MA. The includes two separate buildings. One 2-unit building made up of a 1-bedroom / 1-bathroom unit and a 2-bedroom / 1-bathroom unit and one 6-unit building made up of all 2-bedroom / 1-bathroom units. Both of these offer spacious living arrangements for tenants. Ideally situated in a sought after area, the property benefits from easy access to local amenities and excellent connectivity, with multiple bus routes and the MBTA train station providing convenient transportation options to downtown Lynn and Boston. This asset presents an excellent opportunity for investors. Additionally, the property provides potential for value-add improvements and long-term growth.
81A-83 Franklin Street, Lynn, MA, 01902
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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