138 Franklin, Lynn, MA 01902
- Beds
- 14
- Baths
- 8
- Sqft
- 7,072
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
Rare opportunity to acquire a well-maintained 8-unit asset, constructed in 1988, offering an attractive mix of renovated units and strong in-place cash flow. The property features four (4) one-bedroom units, two (2) townhouse-style two-bedroom units, and two (2) townhouse-style three-bedroom units. All units offer open-concept layouts with breakfast bars overlooking the living and dining areas. Kitchens have been renovated, and bathrooms are outfitted with durable vinyl surrounds, minimizing ongoing maintenance. Additional tenant amenities include individual storage units, in-building laundry connections, and off-street parking. Located along multiple public transportation routes and within close proximity to area amenities, the property benefits from strong rental demand. The asset is currently offered at a 7.25% capitalization rate on in-place income, and offers investors upside to increase rents moving forward. Also available as a package MLS#:73481300
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 5
- Number of bedrooms
- 14
- Number of bathrooms
- 8
- Square feet
- 7,072
- Lot size (acres)
- 0.17
- Year built
- 1988
Interior features
- Basement
- Yes, Partially finished
Utilities
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2026)
- $16,911
Public schools
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Sourced from: MLS Property Information Network (MLS PIN) MLS®#: 73502739 Last checked: …
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