108 Franklin St Lynn, MA

$7,200,000
Beds 55
Baths 30
Square Feet 23,316
Acres 0.50
Photo of 108 Franklin St Lynn MA 01902




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


Listed by Horvath & Tremblay, Stephen Girolamo

Details

MLS 73504665
Status Active
Price $7,200,000
DOM 140 days
Type Multi-Family
Beds 55
Baths 30 full baths
Square Feet 23,316 sqft
Lot Size 0.50 acres
Year Built 1960

Lot & Building Features

Sewer Public Sewer
Tax Year 2026
Taxes Paid $60,302
Water Public
Foundation Other
Roof Shingle
Full Baths 30
Parking Paved Drive, Off Street
Total Rooms 99
Garage Spaces 0

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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