BEDS14
BATHS8 full
SQUARE FEET7,072
MLS#73502739
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
Property Description
Rare opportunity to acquire a well-maintained 8-unit asset, constructed in 1988, offering an attractive mix of renovated units and strong in-place cash flow. The property features four (4) one-bedroom units, two (2) townhouse-style two-bedroom units, and two (2) townhouse-style three-bedroom units. All units offer open-concept layouts with breakfast bars overlooking the living and dining areas. Kitchens have been renovated, and bathrooms are outfitted with durable vinyl surrounds, minimizing ongoing maintenance. Additional tenant amenities include individual storage units, in-building laundry connections, and off-street parking. Located along multiple public transportation routes and within close proximity to area amenities, the property benefits from strong rental demand. The asset is currently offered at a 7.25% capitalization rate on in-place income, and offers investors upside to increase rents moving forward. Also available as a package MLS#:73481300
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Partially Finished, Concrete
Lot Size: 0.17 Acres
Roof Type: Rubber
Stories: 5.0
Taxes: $16,911
Year Built: 1988
Feature Descriptions
Building Area Total: 7072
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, T-Station, University
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: 50
Dwelling Type: 5-9 Family
Electric: Circuit Breakers, Individually Metered
Exterior: Frame
Flooring: Wood, Tile, Vinyl
Lot Features: Easements, Level
Open Parking Y/N: Yes
Parking Features: Paved Drive, Off Street, Assigned
Parking Total: 8
Rooms Total: 28
Sewer: Public Sewer
Units: 8
Utilities: for Gas Range, for Gas Oven
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
$ 6,380.79 per month $4,395.49 Principal & Interest $1,409.25 Property Tax $576.04 Homeowner's Insurance
138 Franklin | MLS# 73502739
This multi-family property located at 138 Franklin, Lynn, MA 01902 is currently listed for sale with an asking price of $1,975,000. Search Lynn real estate on www.masiellogrouprealestate.com today.