MA > Lynn
Lynn, MA 01902,108 Franklin St
Lynn, MA 01902,108 Franklin St
Lynn, MA 01902,108 Franklin St
15
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$7,500,000
Est. payment /mo
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55 Beds
30 Baths
23,316 SqFt
New

108 Franklin St Lynn, MA 01902

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

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

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Tricia Coury
Tricia Coury

Executive Real Estate Specialist - Team Leader | License ID: res.0042126

+1(508) 838-6956 | tricia@triciacoury.com

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Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

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Tricia Coury

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Tricia Coury

Executive Real Estate Specialist - Team Leader

+1(508) 838-6956

tricia@triciacoury.com

Eric Coury

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Eric Coury

Realtor - Team Manager

+1(508) 838-6956

eric@thecouryteam.com

Scott Garcia

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Scott Garcia

Home Buyer Specialist

+1(508) 821-8160

scott@thecouryteam.com

Nathaly Castillo

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Nathaly Castillo

Transaction Coordinator

+1(727) 203-5117

office@thecouryteam.com

http://www.thecouryteam.com/

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of The Coury Team Homes - KW ELITE, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.