108 Franklin St contains thirty (30) total units comprised of twenty-five (25) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.50-acre parcel and offers ample parking with thirty-two (32) spaces available via a large parking lot to the front of The Property. The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and heat, common area electricity, and city water and sewer. The Property is strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore’s most dynamic urban centers. In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential mar
- Parking:
- Off Street, Paved Drive
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure:
- The 2 living room fireplaces are decorative, the 3rd fireplace in the primary is electric. Parking is currently leased, inquire directly for potential to transfer to new buyer.
- Electric Feature:
- Individually Metered
- Garage Parking
- Lead Paint:
- Unknown
- Rent Fee Includes:
- Water, Unit 2(heat, Hot Water), Unit 4(heat, Unit 1(heat, Unit 3(heat
- Market Time:
- 4
- Parking Spaces:
- 32
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $309
- Zoning:
- R3
- No Units:
- 30
- Orig Price:
- $7,200,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01902
- Longitude:
- W71° 2' 33.4''
- Latitude:
- N42° 28' 1.6''
Residential Income
108 Franklin St, Lynn, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $7,200,000
- Bedrooms :
- 55
- Rooms :
- 99
- Total Bathrooms :
- 30
- Full Bathrooms :
- 30
- Square Footage :
- 23,316 Sqft
- Year Built :
- 1960
- Lot Area :
- 0.50 Acre
- Listing ID :
- 73504665
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
