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136-141A Franklin St

lynn, MA 01902

$4,050,000

  • 33 BR
    17 BA
    approx. 14,637 SF

Interested? Let's Connect

7.5% CAP RATE on this 17-unit multifamily investment opportunity in the heart of Downtown Lynn. Spanning two well-maintained, three-story buildings directly across from one another, the property offers 14,637± square feet of living area and 19,702± square feet of total gross area. The asset features a highly desirable and balanced unit mix consisting of four (4) one-bedroom units, ten (10) two-bedroom units (including two townhome-style layouts), and two (2) townhome-style three-bedroom units and one (1) single-level three-bedroom unit, appealing to a broad tenant base and supporting long-term occupancy stability. Tenants are responsible for separately metered utilities which include heat and electric. Complemented by seven (7) off-street parking spaces, laundry hookups, and storage spaces for additional future revenue. This offering presents investors with a rare opportunity to acquire critical mass in a growing downtown location with strong fundamentals and upside potential.

Details

14,637 Sq Ft

0.24 Private Acres Lot Size

investment

$35,484 Annual Tax

Built in 1988

MLS/Listing ID 73481300

3 Stories

17 Units

Amenities & Features

Community - Shopping

Community - Public Transportation

Stone

Concrete Perimeter

Parking - Paved

Parking - On Street

Parking - Off Street

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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Interested In 136-141A Franklin St?