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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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108 Franklin St , Lynn, MA 01902
$7,200,000
Est. Payment: $16,000.00/mo
55 Bed
30 Bath
23316 Sqft
Status: Active | Days on site: 149
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House 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 mar

Highlights

Listed by Stephen Girolamo , 978-406-1789 Horvath & Tremblay , 781-776-4000.

Property Type

Multi-Family

Lot/Acreage
0.5

Year Built

1960

County

Essex

Listing ID

73504665

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:55
  • Bathrooms:30
  • Full Bathrooms:30
Water:Public

Exterior Features

Garage Capacity:32
Zoning:R3
Roof:Shingle
Sewer:Public Sewer
Parking Features:Paved Drive,Off Street,Parking Spaces: 32
Principal Interest
$16,000
Taxes
$5,025

Home Price

$7,200,000

Loan Details

30 yrs
%

Down Payment

20%
$1,440,000
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Monthly Price:
$16,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,000.00 $5,025.17 $0.00 $21,025.17
Yearly $192,000.00 $60,302.00 $0.00 $252,302.00
Total $5,760,000.00 $1,809,060.00 $0.00 $7,569,060.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lynn, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.