$4,900,000
148 Liberty
Lynn, MA, 01901
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.
Property Details
Price:
$4,900,000
MLS #:
73317676
Status:
Pending
Beds:
31
Baths:
24
Address:
148 Liberty
Type:
Multi Family
Subtype:
5+ Family – 5+ Units Up/Down
City:
Lynn
Listed Date:
Dec 5, 2024
State:
MA
Finished Sq Ft:
13,376
Total Sq Ft:
13,376
ZIP:
01901
Lot Size:
4,817 sqft / 0.11 acres (approx)
Year Built:
1943
Units:
24
Schools
Interior
Bathrooms
24 Full Bathrooms
Flooring
Tile, Vinyl, Carpet
Exterior
Community Features
Public Transportation, Shopping, Walk/ Jog Trails, Medical Facility, Public School, T- Station, University
Construction Materials
Frame, Brick
Parking Features
On Street
Roof
Rubber
Financial
Tax Year
2024
Taxes
$41,061
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of North Shore Realty Advisors. The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing 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 or leasing. 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 set forth herein.
148 Liberty
Lynn, MA
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