For Sale
$5,200,000
148 Liberty St Lynn, MA 01901
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Rare opportunity to acquire a 4-story, elevator apartment building in Liberty Street with separately metered utilities and below-market rents, priced below replacement cost.
- Excellent location in a densely populated area with low vacancy rates, boasting strong demographics (94,188+ population within 3 miles, $71,597+ average household income).
- Value-add opportunity: 24 units (7 two-bedroom, 17 one-bedroom) with below-market rents, offering significant upside potential for renovations and a stabilized cap rate in the mid-7% range.
- Transit-oriented location on major thoroughfares (RT1A, RT1, RT107, RT60), providing easy access to public transportation (bus, Lynn Commuter Rail, Wonderland T stop) and nearby towns (Swampscott, Marblehead, Nahant, Revere).
- Proximity to Northshore College (.6 miles), Stop & Shop (.8 miles), Market Basket (1.1 miles), Wonderland Station (4.5 miles), Logan Airport (9.2 miles), and Boston (10.2 miles).
Property Details for 148 Liberty St
- Property type
- Apartment buildings
- Square Feet
- 16,736 SF
- Class
- B
- Year Built
- 1946
- Buildings
- 1
- Stories
- 4
- Units
- 24
Location Insight
- City
- Lynn
- County
- Essex
- State
- Massachusetts
- Latitude
- 42.46419884196
- Longitude
- -70.948760603797
Nearby Similar for Sale
FAQs
- Where is the apartment building located?
- The property is located at 148 Liberty St Lynn, MA.
- What is the asking price?
- The asking price for this property is $5,200,000.
- What are key features of this property?
- This property features: Rare opportunity to acquire a 4-story, elevator apartment building in Liberty Street with separately metered utilities and below-market rents, priced below replacement cost.; Excellent location in a densely populated area with low vacancy rates, boasting strong demographics (94,188+ population within 3 miles, $71,597+ average household income).; Value-add opportunity: 24 units (7 two-bedroom, 17 one-bedroom) with below-market rents, offering significant upside potential for renovations and a stabilized cap rate in the mid-7% range.
- How can I contact the broker?
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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