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$7,200,000
Est. payment /mo
55 Beds
30 Baths
23,316 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Active
Purchase Type For Sale
Square Footage 23,316 sqft
Price per Sqft $308
MLS Listing ID 73504665
Bedrooms 55
Full Baths 30
Year Built 1960
Annual Tax Amount $60,302
Tax Year 2026
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
108 Franklin St contains thirty (30) total units comprised of twenty-five (25) 2-Bedroom/1-Bathroom units, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.50-acre parcel and offers ample parking with thirty-two (32) spaces available via a large parking lot to the front of The Property. The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered hot water and heat, common area electricity, and city water and sewer. The Property is strategically located near downtown Lynn, offering excellent visibility and accessibility within one of the North Shore's most dynamic urban centers. In-place rents are below the current market rates; the opportunity exists to continue to upgrade unit interiors and common areas to drive rental rates in an urban-infill, high demand/supply constrained residential mar
Location
State MA
County Essex
Zoning R3
Direction Please Use GPS.
Exterior
Community Features Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station
Roof Type Shingle
Total Parking Spaces 32
Garage No
Building
Story 5
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by Horvath & Tremblay
NEARBY SCHOOL & BUSINESS
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