MA
Essex
Lynn
01902
138 Franklin St
138 Franklin St, Lynn, MA 01902
Share Listing
Listing Type
Multi Family
Listing Status
Active
13
$1,975,000

Home Details for 138 Franklin St

Price
$1,975,000
Type
Residential Income
Bedrooms
14
Total Bathrooms
8
Full Bathrooms
8
Square feet
7072
Year built
1988
Lot size acres
0.17
County
Essex
Total rooms
28
Basement
Full, Partially Finished, Concrete
Days on site
2
MLS Listing#
73502739
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
  • Parking
    • Paved
    • Off Street
    • Assigned
  • Basement
    • Full
    • Partially Finished
    • Concrete
  • Water Features
    • Public
Listing Courtesy: North Shore Realty Advisors - 617-548-7737
Presented by: Dan 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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