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.
7,565 Sq Ft
2,823 Sq Ft Lot Size
investment
US$18,413 Annual Tax
Built in 1900
MLS/Listing ID 73502738
3 Stories
9 Units
Public Water
Construction - Frame
Vinyl
Tile
Hardwood
Stone
Lot - Corner Lot
Insulated Windows
Insulated Doors
Rubber
Public Sewer
TOTAL MONTHLY COST
US$0
US$0
US$0