MA > Lynn
Lynn, MA 01902,108 Franklin St
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Lynn, MA 01902,108 Franklin St
Lynn, MA 01902,108 Franklin St
Lynn, MA 01902,108 Franklin St
Lynn, MA 01902,108 Franklin St
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Colleen Foulsham

Colleen Foulsham

+1(857) 939-0144
$ 7,500,000
Est. payment /mo
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108 Franklin St Lynn, MA 01902

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 $321

MLS Listing ID 73451577

Bedrooms 55

Full Baths 30

Year Built 1960

Annual Tax Amount $59,444

Tax Year 25

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 market.

Location

State MA

County Essex

Zoning R4

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

Lot Description Other

Story 3

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay
Colleen Foulsham

Colleen Foulsham

Broker

+1(857) 939-0144

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108 Franklin St