$3,800,000 ($335.81 per sqft)

Pending

Est. Mortgage $18,966/mo *

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31 Franklin St, Lynn, MA, 01902

31 Franklin St, Lynn, MA, 01902
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54 rooms

18 beds

18 Full baths

1970

11,316 sqft

31 Franklin Street contains eighteen 1-Bedroom/1-Bathroom units. The well-maintained Property features an on-site laundry facility, storage units and eighteen on-site parking spaces. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply constrained residential market. The Property is well-located along Franklin Street and is 0.1-miles from Market Street and 0.3-miles from Western Avenue. The Property is situated along the edge of Downtown Lynn and is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Central Square, BayRidge Hospital, North Shore Community College, and Lynn Beach.

Status:

Pending

Type:

Multi-family

Units:

18

Zoning:

BD3

Basement:

Unfinished

Levels:

3

Parking:

18-car, Off Street

Acreage:

0.27

Est. Taxes:

$34,690

Assessment

$3,294,400

Lot Description:

Other

Amenities:

Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Appliances:

Washer, Dryer

MLS #:

73247670

Buyer Agent Compensation:

2%%

Facilitator Compensation:

0

Compensation Based On:

Net Sale Price

Sub-Agency Relationship Offered:

No

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Dennis Kelleher, Horvath & Tremblay Phone: 781-776-4000