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108 Franklin St

lynn, MA 01902

US$7,200,000

  • 55 BR
    30 BA
    approx. 23,316 SF

Interested? Let's Connect

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

Details

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

Amenities & Features

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

Estimate my mortgage

TOTAL MONTHLY COST

US$0

  • PRINCIPAL & INTEREST

    US$0

  • PROPERTY TAXES

    US$0

  • Common Charges

    US$0

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