138 Franklin

lynn, MA 01902

$1,975,000

  • 14 BR
    8 BA
    approx. 7,072 SF

Interested? Let's Connect

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

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DOWN PAYMENT
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