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.
Features
- Basement:
- Full, Unfinished
- Construction:
- Frame
- Flooring:
- Vinyl, Hardwood, Varies
- Sewer:
- Public Sewer
- Water:
- Public
- Electric Feature:
- Circuit Breakers
- Garage Parking
- Lead Paint:
- Certified Treated
Additional Information
- Market Time:
- 4
- Tax Year:
- 2026
- Status:
- Active
- Price Per Sqft:
- $258
- Zoning:
- B
- No Units:
- 9
- Orig Price:
- $1,950,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
Address Map
- City:
- Lynn
- State:
- MA
- County:
- Essex
- Postal Code:
- 01902
- Longitude:
- W71° 2' 32.2''
- Latitude:
- N42° 28' 5.5''
Residential Income
137 Franklin Street, Lynn, Massachusetts
19 Bedrooms
9 Total Bathrooms
7,565 Sqft
$1,950,000
Listing ID #73538118
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $1,950,000
- Bedrooms :
- 19
- Rooms :
- 34
- Total Bathrooms :
- 9
- Full Bathrooms :
- 9
- Square Footage :
- 7,565 Sqft
- Year Built :
- 1900
- Listing ID :
- 73538118
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent
