31 Franklin St, Lynn MA 01902
About this home
31 Franklin Street contains eighteen 1-Bedroom/1-Bathroom units. The well-maintained Property features an on-site laundry facility, storage units and eighteen on-site parking spaces. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply constrained residential market. The Property is well-located along Franklin Street and is 0.1-miles from Market Street and 0.3-miles from Western Avenue. The Property is situated along the edge of Downtown Lynn and is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Central Square, BayRidge Hospital, North Shore Community College, and Lynn Beach.
Sale Statistics
This property sold for 7.2% below the original asking price.
With only 25 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
31 Franklin St, Lynn MA 01902
Lynn, MA 01902
Walkability
Schools
School information not available
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Aug 12, 2024Listed for Sale
Jun 5, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/12/2024 | ✓ Sold | $3,525,000 | - | - | Property sold |
| 06/05/2024 | 🏠 Listed for Sale | $3,800,000 | - | - | Original listing |