Price Reduced 2.12%
148 Liberty, Lynn, MA, 01901
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78 rooms
31 beds
24 Full baths
1943
13,376 sqft
148 Liberty Street located in downtown Lynn is a handsome brick 4-story elevator apartment building consisting of twenty-four (24) residential units. The asset offers an attractive unit mix of seven (7) two-bedroom units, and seventeen (17) one-bedroom units with recently renovated common areas. The offering presents a strong value-add opportunity for investors with an entry cap-rate of 5.8% and a stabilized cap rate of 7.7%. The property is surrounded by many amenities, restaurants, commuting routes into Boston, and public transportation. Tenants are responsible for their own separately metered utilities such as heat, hot water, and electric making this an ideal investment. The property has undergone a number of capital improvements such as common area lighting, flooring, painting, masonry pointing, hot water tank replacements.
Status:
Active
Type:
Multi-family
Units:
24
Zoning:
CBD
Basement:
Full, Partially Finished, Dirt Floor, Concrete
Levels:
9
Parking:
On Street
Acreage:
0.11
Est. Taxes:
$41,061
Assessment
$3,899,400
Construction
Frame, Brick
Utilities
for Electric Range, for Electric Oven, Varies per Unit
Lot Description:
Level
Amenities:
Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Public School, T-Station, University
MLS #:
73317676
Sub-Agency Relationship Offered:
No
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Dan Pouladian, North Shore Realty Advisors Phone: 617-548-7737