136-141A Franklin St, Lynn, MA, 01902
67 rooms
33 beds
17 Full baths
1988
14,637 sqft
7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and one (1) single-level three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. Tenants are responsible for separately metered utilities which include heat and electric. Complemented by seven (7) off-street parking spaces, laundry hookups, and storage spaces for additional future revenue. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.
Status:
Active
Type:
Multi-family
Units:
17
Zoning:
B
Basement:
Full
Levels:
3
Parking:
7-car, Paved Drive, Off Street, On Street
Acreage:
0.24
Est. Taxes:
$35,484
Assessment
$9,999
Amenities:
Public Transportation, Shopping
MLS #:
73481300
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Sara Pouladian, North Shore Realty Advisors 617-548-7737