138 Franklin
lynn, MA 01902$1,975,000
- 14 BR8 BAapprox. 7,072 SF
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Rare opportunity to acquire a well-maintained 8-unit asset, constructed in 1988, offering an attractive mix of renovated units and strong in-place cash flow. The property features four (4) one-bedroom units, two (2) townhouse-style two-bedroom units, and two (2) townhouse-style three-bedroom units. All units offer open-concept layouts with breakfast bars overlooking the living and dining areas. Kitchens have been renovated, and bathrooms are outfitted with durable vinyl surrounds, minimizing ongoing maintenance. Additional tenant amenities include individual storage units, in-building laundry connections, and off-street parking. Located along multiple public transportation routes and within close proximity to area amenities, the property benefits from strong rental demand. The asset is currently offered at a 7.25% capitalization rate on in-place income, and offers investors upside to increase rents moving forward. Also available as a package MLS#:73481300
Details
7,072 Sq Ft
7,479 Sq Ft Lot Size
investment
$1,409 Monthly Tax
Built in 1988
MLS/Listing ID 73502739
5 Stories
8 Units
Amenities & Features
Community - University
Community - T-Station
Community - Public School
Community - Medical Facility
Community - Laundromat
Community - Highway Access
Parking - Paved
Parking - Off Street
Parking - Assigned
Insulated Windows
Community - Walk/Jog Trails
Varies per Unit
Rubber
Community - Shopping
Community - Public Transportation
Community - Park
Construction - Frame
Natural Wood
Vinyl
Tile
Concrete Perimeter
Lot - Level
Lot - Easement
Estimate my mortgage
TOTAL MONTHLY COST
$0
- PRINCIPAL & INTEREST
$0
- PROPERTY TAXES
$0
- Common Charges
$0