Price Reduced 2.41%
139 Franklin St, Lynn, MA, 01902
34 rooms
16 beds
9 Full baths
1900
7,565 sqft
Investors will appreciate this 8% Cap Rate on current in place rents on day one of ownership. The attractive unit mix of eight (8) two-bedroom units and one (1) three-bedroom unit making this a rare find on the bedroom count. Tenants are responsible for their own separately metered heat and LL is responsible for hot water and common electric.137 Franklin is well-located near the intersection of Western Avenue and Franklin Street and is around the corner from Stop & Shop and multiple bus stops along Western Avenue. The Property is situated close to Downtown Lynn and walkable distance to laundromats, restaurants and amenities including Central Square, Commuter Rail, Bayridge Hospital, and North Shore Community College. This building is also available as a 2-building package as well, see MLS #73481300.
Status:
Active
Type:
Multi-family
Units:
9
Zoning:
B
Basement:
Full
Levels:
3
Acreage:
0.06
Est. Taxes:
$18,413
Assessment
$1,777,300
Construction
Frame
Utilities
for Gas Range, for Electric Range
Lot Description:
Corner Lot
MLS #:
73502738
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Sara Pouladian, North Shore Realty Advisors 617-548-7737