1. Massachusetts
  2. Lynn
  3. 148 Liberty
$4,900,000

148 Liberty, Lynn, MA 01901

  • 31 beds |
  • 24 baths |
  • 13,376 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1943
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $366/sqft
  • Property List Date Icon Listed 6 months ago

Property Description

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.

Listing Status:
Pending
Listing Office:
North Shore Realty Advisors : 617-548-7737
Listing Agent:
Dan Pouladian : 617-548-7737
MLS ID:
73317676

This listing courtesy of Dan Pouladian, North Shore Realty Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cobbet Elementary School

40 Franklin St, Lynn, MA, 01902

Grades KG-5

0.32 miles away

F

Fecteau-Leary Junior/Senior High School

33 N Common St, Lynn, MA, 01902

Grades 6-12

0.34 miles away

F

Fecteau-Leary Junior/Senior High School

33 N Common St, Lynn, MA, 01902

Grades 6-12

0.34 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.