31 Franklin St

Lynn, MA 01902 Directions
$3,800,000
  • 18Bed
  • 18Baths
  • 11,316Sqft
  • 0.27Acres
  • 1970Built
  • $336Price/Sqft

Property Highlights

  • Days on Market: 565
  • MLS: 73247670
  • Listing Pending

Property Highlights

  • Days on Market: 565
  • MLS: 73247670
  • Listing Pending

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...

Property Highlights

  • Days on Market: 565
  • MLS: 73247670
  • Listing Pending

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.

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.

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  • Additional Information
    • Basement Description: Unfinished
    • Days On Market: 565
    • Living Area SqFt: 11316
    • On Market Date: 2024-06-05
    • Parking: Off Street
    • Parking Spaces: 18
    • Sewer: Public Sewer
    • Tax Amount: $34,690
    • Type: Residential Income
    • Unit Count: 18
    • Year Built: 1970
    • Year Built Details: Approximate
  • Amenities
    • Pool
    • Park
    • Golf
  • Interior/Exterior Features
    • Appliances Included: Washer, Dryer, Gas Water Heater
    • Beds: 18
    • Foundation: Block
    • Full Baths: 18
    • Living SqFt Source: Public Records
    • Roof: Rubber
    • Rooms: 54

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. 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, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. 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. Listing Courtesy of Dennis Kelleher of Horvath & Tremblay.

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