BEDS19
BATHS9 full
SQUARE FEET7,565
MLS#73538118
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Investors take notice 8.5% Cap Rate! Clean 9-Unit Multi-Family with eight (8) two-bedroom units and one (1) three-bedroom units which all have lead compliance letters in hand. The building has updated electrical with 400amp service, plumbing upgrades, and unit renovations. There is still opportunity to increase rents for future upside in this rare opportunity. This three-story building offers 7,565? square feet of living area and 10,262? square feet of total gross area. The tenants are responsible for their own separately metered heat and electric, as landlord pays hot water and common electric.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Roof Type: Rubber
Stories: 3.0
Taxes: $18,413
Year Built: 1900
Feature Descriptions
Building Area Total: 7565
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: 37
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Circuit Breakers
Exterior: Frame
Flooring: Vinyl, Varies, Hardwood
Lot Features: Corner Lot, Level
Open Parking Y/N: Yes
Parcel Number: 2003838
Parking Total: 0
Rooms Total: 34
Sewer: Public Sewer
Units: 9
Utilities: for Gas Range, for Electric Range
Water: Public
Window Features: Insulated Windows
Listed By / Shown By
Listed By
Agency Name: North Shore Realty Advisors
Agent Name: Dan Pouladian
Agency Phone: 617-548-7737
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 6,254.23 per month $4,172.94 Principal & Interest $1,534.42 Property Tax $546.88 Homeowner's Insurance
137 Franklin Street | MLS# 73538118
This multi-family property located at 137 Franklin Street, Lynn, MA 01902 is currently listed for sale with an asking price of $1,875,000. Search Lynn real estate on www.masiellogrouprealestate.com today.