Homes for sale - 148 Liberty, Lynn, MA 01901

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Lori Lincoln

lori@thinklorilincoln.com +1(508) 878-0917

$4,900,000

Est. payment - /mo

31 Beds

24 Baths

13,376 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5+ Family - 5+ Units Up/Down

Listing Status Pending

Purchase Type For Sale

Square Footage 13,376 sqft

Price per Sqft $366

MLS Listing ID 73317676

Bedrooms 31

Full Baths 24

Year Built 1943

Annual Tax Amount $41,061

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type 5+ Family - 5+ Units Up/Down

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.

Location

State MA

County Essex

Zoning CBD

Direction Market Street to Liberty Street

Rooms

Basement Full, Partially Finished, Dirt Floor, Concrete

Interior

Flooring Tile, Vinyl, Carpet

Exterior

Community Features Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Public School, T-Station, University

Utilities Available for Electric Range, for Electric Oven, Varies per Unit

Roof Type Rubber

Garage No

Building

Lot Description Level

Story 9

Foundation Block, Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by North Shore Realty Advisors

Learn More About LPT Realty

Contact Us

+1(508) 878-0917

lori@thinklorilincoln.com

148 Liberty Lynn, MA 01901