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.
- Basement:
- Full
- Construction:
- Frame
- Flooring:
- Tile, Vinyl, Hardwood, Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Electric Feature:
- Circuit Breakers, Individually Metered
- Garage Parking
- Lead Paint:
- Certified Treated
- Market Time:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $274
- Zoning:
- B
- No Units:
- 9
- Orig Price:
- $2,075,000
- LEASE:
- Yes
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01902
- Longitude:
- W71° 2' 32.1''
- Latitude:
- N42° 28' 5.6''
Residential Income
137 Franklin St, Lynn, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $2,075,000
- Bedrooms :
- 16
- Rooms :
- 34
- Total Bathrooms :
- 9
- Full Bathrooms :
- 9
- Square Footage :
- 7,565 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.06 Acre
- Listing ID :
- 73502738
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com