MA > Lynn
Lynn, MA 01902,31 Franklin St
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Lynn, MA 01902,31 Franklin St
Lynn, MA 01902,31 Franklin St
Lynn, MA 01902,31 Franklin St
Lynn, MA 01902,31 Franklin St
Chapin Fish
Chapin Fish

Broker Associate | License ID: 9075640

+1(413) 528-4859

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$ 3,525,000

$ 3,800,000 7.2%

Est. payment /mo
Sold on 08/12/2024

31 Franklin St Lynn, MA 01902

18 Beds

18 Baths

11,316 SqFt

UPDATED:

Key Details

Sold Price $3,525,000

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Side by Side

Listing Status Sold

Purchase Type For Sale

Square Footage 11,316 sqft

Price per Sqft $311

MLS Listing ID 73247670

Bedrooms 18

Full Baths 18

Year Built 1970

Annual Tax Amount $34,690

Tax Year 24

Lot Size 0.270 Acres

Property Sub-Type 5+ Family - 5+ Units Side by Side

Property Description

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.

Location

State MA

County Essex

Zoning BD3

Exterior

Community Features 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

Roof Type Rubber

Building

Lot Description Other

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Listed by Horvath & Tremblay
Bought with Stephen Girolamo • Horvath & Tremblay
agent

Chapin Fish

Broker Associate | License ID: 9075640

+1(413) 528-4859

GET MORE INFORMATION

Full Name
Phone*
Message
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