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137 Franklin St Lynn, MA 01902
16 Beds
9 Baths
7,565 SqFt
Open House
Fri Apr 24, 12:00pm - 1:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 7,565 sqft
Price per Sqft $274
MLS Listing ID 73502738
Bedrooms 16
Full Baths 9
Year Built 1900
Annual Tax Amount $18,413
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
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.
Location
State MA
County Essex
Zoning B
Direction Western Avenue to Franklin
Rooms
Basement Full
Interior
Flooring Tile, Vinyl, Varies, Hardwood
Exterior
Utilities Available for Gas Range, for Electric Range
Roof Type Rubber
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by North Shore Realty Advisors
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