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
23,316 Sq Ft
0.5 Private Acres Lot Size
investment
US$60,302 Annual Tax
Built in 1960
MLS/Listing ID 73504665
5 Stories
30 Units
Community - Highway Access
Community - House of Worship
Community - Laundromat
Community - Medical Facility
Community - Private School
Community - Public School
Community - T-Station
Shingle
Public Sewer
Public Water
Community - Tennis Courts
Community - Shopping
Community - Public Transportation
Community Pool
Community - Park
Community - Golf
Parking - Paved
Parking - Off Street
TOTAL MONTHLY COST
US$0
US$0
US$0