Price Reduced 2.12%

$5,090,000 ($380.53 per sqft)

Est. Mortgage $25,738/mo *

Quick Pre-Approval

148 Liberty, Lynn, MA, 01901

148 Liberty, Lynn, MA, 01901

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



Listing courtesy of Dan Pouladian, North Shore Realty Advisors Phone: 617-548-7737