MA
Essex
Lynn
01902
137 Franklin St
137 Franklin St, Lynn, MA 01902
Share Listing
Listing Type
Multi Family
Listing Status
Active
12
$2,075,000

Home Details for 137 Franklin St

Price
$2,075,000
Type
Residential Income
Bedrooms
16
Total Bathrooms
9
Full Bathrooms
9
Square feet
7565
Year built
1900
Lot size acres
0.06
County
Essex
Total rooms
34
Basement
Full
MLS Listing#
73502738
Property Description

Investors will appreciate this 8% Cap Rate on current in place rents on day one of ownership. The attractive unit mix of eight (8) two-bedroom units and one (1) three-bedroom unit making this a rare find on the bedroom count. Tenants are responsible for their own separately metered heat and LL is responsible for hot water and common electric.137 Franklin is well-located near the intersection of Western Avenue and Franklin Street and is around the corner from Stop & Shop and multiple bus stops along Western Avenue. The Property is situated close to Downtown Lynn and walkable distance to laundromats, restaurants and amenities including Central Square, Commuter Rail, Bayridge Hospital, and North Shore Community College. This building is also available as a 2-building package as well, see MLS #73481300.

Property Features
  • 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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