BEDS55
BATHS30 full
SQUARE FEET23,316
MLS#73504665
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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 Shores 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 mar
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.50 Acres
Roof Type: Shingle
Stories: 5.0
Taxes: $60,302
Year Built: 1960
Feature Descriptions
Building Area Total: 23316
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 49
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Individually Metered
Open Parking Y/N: Yes
Parcel Number: 2005591
Parking Features: Paved Drive, Off Street
Parking Total: 32
Rent Includes: Unit 1(Heat, Water, Hot Water), Unit 2(Heat, Water, Hot Water), Unit 3(Heat, Water, Hot Water), Unit 4(Heat, Water, Hot Water)
Rooms Total: 99
Sewer: Public Sewer
Units: 30
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agent Name: Stephen Girolamo
Agency Phone: 781-776-4000
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 23,149.25 per month $16,024.08 Principal & Interest $5,025.17 Property Tax $2,100.00 Homeowner's Insurance
108 Franklin St | MLS# 73504665
This multi-family property located at 108 Franklin St, Lynn, MA 01902 is currently listed for sale with an asking price of $7,200,000. Search Lynn real estate on www.masiellogrouprealestate.com today.