137 Franklin Street

Lynn, MA 01902

$690,000
Last Sold Price
16
Beds
9
Baths
1
1/2 Bath
7,581 Sq. Ft.
$91 / Sq. Ft.
7,581
Sq. Ft.
$91
per Sq. Ft.

Description

Cash Cow! Only 9 unit building available in Lynn Common w/market tenants. Rent below market value, potential 11% cap rate. Low maintenance, newer roof, vinyl siding, windows, water heater. Some units de-leaded. One 3-bed, five 2-beds, three 1-beds. Buyer to do due diligence. Sold as-is. 105 Gross Income, $73k NET.Cash Cow! Only 9 unit building available in Lynn Common w/market tenants. Rent below market value, potential 11% cap rate. Low maintenance, newer roof, vinyl siding, windows, water heater. Some units de-leaded. One 3-bed, five 2-beds, three 1-beds. Buyer to do due diligence. Sold as-is. 105 Gross Income, $73k NET.
  1. Listed by Allen A. Garzone • Allen Garzone

Property Details for 137 Franklin Street

Town
Lynn
MLS Area
Lynn Common
Area
MA-Lynn-Lynn Common, MA-Lynn
Garage Spaces
0
Parking Spaces
.00

Location

Listing Courtesy of Allen Garzone, Allen A. Garzone

Sold By Allen Garzone, Allen A. Garzone

Add your commute
LISTING UPDATED: 08/06/2022 06:12 AM

Property Details for 137 Franklin Street

StatusSold
MLS #71847596
Days on Market49
Taxes$8,162 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built9999
CountyEssex County

Location

Listing Courtesy of Allen Garzone, Allen A. Garzone

Sold By Allen Garzone, Allen A. Garzone

Add your commute

Building Information for 137 Franklin Street

Stories3Residences9Year Built9999Building Size-Lot Size0.06 AC / 2,822 SF

Payment Calculator

$4,446 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,766

Property Taxes

$680

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 137 Franklin Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 7581.0
  • Total Units: 9
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement Features: Concrete Floor
  • Num of Baths: 10.0
  • Num of Full Baths: 9
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 9.50
  • Bathrooms Total Integer: 10
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Lot Description: Level
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Roof access by ladder. One unit zoned commercial. Some units de-leaded. All but 2 tenants are TAW. Buyer to do due diligence. Sold as-is.
Tax Information
  • Tax ID: 2003838
  • Assessments: $515,400
  • Book: 99999
  • Tax Year: 2014
  • Zoning: 9999999
Building / Association Information
Living Characteristics
  • Beds Total: 16
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Other
Income / Expenses
  • GOI: $105,000.00
  • Gross Scheduled Income: $8,834.00
  • Insurance: $2,966.00
  • GRE: $32,412
  • RFS: $2,100
  • NOI: $73,000.00
  • Operating Expense: $32,412.00
  • WSE: $10,350.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $8,750.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 137 Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 137 Franklin Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
William R Fallon
PublicK to 5

Cobbet Elementary School
PublicK to 5

Pickering Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Allen Garzone, Allen A. Garzone

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.