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108 Franklin St, Lynn, MA, 01902

55beds
30baths
23,316sqft
$7,200,000
$309price/sqft
$50,149/moest. monthly cost
$2,005,960/yrincome needed

About This Home

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

Getting Around

88
WalkingVery Walkable
46
TransitSome Transit
54
BikeBikeable

Schools

Construction

Condition

  • Year built: 1960

Materials

  • Foundation: Other
  • Roof: Shingle

Type & Style

  • Home type: MultiFamily
  • Property subType: 5+ Family - 5+ Units Up/Down

Interior

Bedrooms & Bathrooms

  • Bedrooms: 55
  • Bathrooms: 30
  • Full bathrooms: 30

Features

  • Finished area above ground: 23,316

Interior Area

  • Total structure area: 23,316
  • Total interior livable area: 23,316 sqft

Property

Details

  • Parcel number: 2005591
  • Zoning: R3

Lot

  • Lot size: 0.50 Acres

Parking

  • Total spaces: 32
  • Parking features: Paved Drive,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 32