MA
Essex
Lynn
01902
108 Franklin St
108 Franklin St, Lynn, MA 01902
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Listing Type
Multi Family
Listing Status
active
15
$7,500,000

Home Details for 108 Franklin St

Price
$7,500,000
Type
Residential Income
Bedrooms
55
Bathrooms
30.0
Square feet
23316
Year built
1960
Lot size acres
0.5
County
Essex
Total rooms
99
Garage
Days on site
1
MLS Listing#
73451577
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 Shore’s 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 market.

Property Features
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: Horvath & Tremblay - 781-776-4000
Presented by: Stephen Girolamo
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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