MA
Essex
Lynn
01902
136-141A Franklin St
136-141A Franklin St, Lynn, MA 01902
Share Listing
Listing Type
Multi Family
Listing Status
Active
33
$4,050,000

Home Details for 136-141A Franklin St

Price
$4,050,000
Type
Residential Income
Bedrooms
33
Bathrooms
17.0
Square feet
14637
Year built
1988
Lot size acres
0.24
County
Essex
Total rooms
67
Garage
Basement
Full
Days on site
0
MLS Listing#
73481300
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
  • Parking
    • Paved
    • Off Street
    • On Street
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: North Shore Realty Advisors - 617-548-7737
Presented by: Sara Pouladian
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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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