About 108 Franklin St
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
Features of 108 Franklin St
| MLS® # | 73504665 |
|---|---|
| Price | $7,200,000 |
| Bedrooms | 55 |
| Bathrooms | 30.00 |
| Full Baths | 30 |
| Square Footage | 23,316 |
| Acres | 0.50 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | 5+ Family - 5+ Units Up/Down |
| Status | Active |
Community Information
| Address | 108 Franklin St |
|---|---|
| City | Lynn |
| County | Essex |
| State | MA |
| Zip Code | 01902 |
Amenities
| Parking Spaces | 32 |
|---|---|
| Parking | Paved Drive, Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 5 |
| Stories | 5 |
Exterior
| Roof | Shingle |
|---|---|
| Foundation | Other |
Additional Information
| Zoning | R3 |
|---|
Listing Details
| Agent | Stephen Girolamo |
|---|---|
| Office | Horvath & Tremblay |