MA
Essex
Lynn
01902
137 Franklin Street
137 Franklin Street, Lynn, MA 01902
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Listing Type
Multi Family
Listing Status
Active
11
$1,950,000

Home Details for 137 Franklin Street

Price
$1,950,000
Type
Residential Income
Bedrooms
19
Total Bathrooms
9
Full Bathrooms
9
Square feet
7565
Year built
1900
County
Essex
Total rooms
34
Basement
Full, Unfinished
MLS Listing#
73538118
Property Description

Investors take notice 8.5% Cap Rate! Clean 9-Unit Multi-Family with eight (8) two-bedroom units and one (1) three-bedroom units which all have lead compliance letters in hand. The building has updated electrical with 400amp service, plumbing upgrades, and unit renovations. There is still opportunity to increase rents for future upside in this rare opportunity. This three-story building offers 7,565± square feet of living area and 10,262± square feet of total gross area. The tenants are responsible for their own separately metered heat and electric, as landlord pays hot water and common electric.

Property Features
  • Basement
    • Full
    • Unfinished
  • Water Features
    • Public
Listing Courtesy: North Shore Realty Advisors - 617-548-7737
Presented by: Dan Pouladian
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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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