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148 Liberty St, Lynn, MA 01901
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$4,900,000
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Home Details for 148 Liberty St
Price
$4,900,000
Type
Multi Family
Bedrooms
31
Total Bathrooms
24
Full Bathrooms
24
Year Build
1943
Sq. Ft.
13376
Lot Size
0.11
County
Essex
Total Rooms
78
Basement
Full, Partially Finished, Dirt Floor, Concrete
Tax
$41,061
MLS®️ Listing#
73317676
On exitrealty.com
274 days
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.
- Basement
- Full
- Partially Finished
- Dirt Floor
- Concrete
- Utilities
- for Electric Range
- for Electric Oven
- Varies per Unit
- Water Features
- Public
- Parking
- On Street
Listing Courtesy: North Shore Realty Advisors - 617-548-7737. Presented by: Dan Pouladian
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting 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, leasing or renting. 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, or as to the accuracy of any of the Images, set forth herein. Copyright ©2025 MLS Property Information Network, Inc. All Rights Reserved.
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Market statistics compiled from data from Massachusetts Association of REALTORS.
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EXIT PREMIER REAL ESTATE
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$4,900,000
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803