Deb Rees
REALTOR®
BEDS16
BATHS9 full
SQUARE FEET7,565
MLS#73502738
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Lot Size: 0.06 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $18,413
Year Built: 1900
Feature Descriptions
Building Area Total: 7565
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 1
Door Features: Insulated Doors
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Circuit Breakers, Individually Metered
Exterior: Frame
Flooring: Tile, Vinyl, Varies, Hardwood
Lot Features: Corner Lot
Open Parking Y/N: Yes
Parcel Number: M:054 B:650 L:022,2003838
Parking Total: 0
Rooms Total: 34
Sewer: Public Sewer
Units: 9
Utilities: for Gas Range, for Electric Range
Water: Public
Window Features: Insulated Windows
Listed By / Shown By
Listed By
Agency Name: North Shore Realty Advisors
Agency Phone: 617-548-7737
Agent Name: Sara Pouladian
Shown By
Agent Name: Deb Rees
Agent Phone: Cell: (603) 454-8380
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
TOUR THIS HOME
Choose a date and time to see 137 Franklin St, Lynn, MA 01902.
I will get in touch with you shortly.
Estimate Your Payment
Estimated Payment
$ 6,757.68 per month $4,618.05 Principal & Interest $1,534.42 Property Tax $605.21 Homeowner's Insurance
137 Franklin St | MLS# 73502738
This multi-family property located at 137 Franklin St, Lynn, MA 01902 is currently listed for sale with an asking price of $2,075,000. Search Lynn real estate on debrees.masiellogrouprealestate.com today.