BEDS33
BATHS17 full
SQUARE FEET14,637
MLS#73481300
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Lot Size: 0.24 Acres
Stories: 3.0
Taxes: $35,484
Year Built: 1988
Feature Descriptions
Building Area Total: 14637
Community Features: Public Transportation, Shopping
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: 1
Dwelling Type: 5+ Family - 5+ Units Up/Down
Open Parking Y/N: Yes
Parking Features: Paved Drive, Off Street, On Street
Parking Total: 7
Rooms Total: 67
Sewer: Public Sewer
Units: 17
Water: Public
Listed By / Shown By
Listed By
Agency Name: North Shore Realty Advisors
Agency Phone: 617-548-7737
Agent Name: Sara Pouladian
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 13,151.79 per month $9,013.54 Principal & Interest $2,957.00 Property Tax $1,181.25 Homeowner's Insurance
136-141a Franklin St | MLS# 73481300
This multi-family property located at 136-141a Franklin St, Lynn, MA 01902 is currently listed for sale with an asking price of $4,050,000. Search Lynn real estate on www.masiellogrouprealestate.com today.