MA > Lynn
Lynn, MA 01901,148 Liberty
See all 25 photos
Lynn, MA 01901,148 Liberty
Lynn, MA 01901,148 Liberty
Lynn, MA 01901,148 Liberty
Lynn, MA 01901,148 Liberty
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
13
Feb
Fri
14
Feb
Sat
15
Feb
Paul Neavyn

Paul Neavyn

+1(617) 721-8384
$ 5,090,000
Est. payment /mo
Save
Price Dropped by $110K

148 Liberty Lynn, MA 01901

31 Beds

24 Baths

13,376 SqFt

OPEN HOUSE

Tue Feb 18, 11:00am - 1:00pm

UPDATED:

02/11/2025 06:45 PM

Key Details

Property Type Multi-Family

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

Listing Status Active

Purchase Type For Sale

Square Footage 13,376 sqft

Price per Sqft $380

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

Listed by North Shore Realty Advisors
agent

Paul Neavyn

Agent | AN9561844

+1(617) 721-8384

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to (1) the Electronic Disclosure Consent; (2) receive recurring marketing communication from or on behalf of Paul Neavyn, including auto-dialed calls, texts, and prerecorded messages (consent not required to make a purchase; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for help); and (3) the Terms of Service and Privacy Policy of this website. I understand that I can call +1(617) 721-8384 to obtain direct assistance.

Go tour this home

148 Liberty

QUICK SEARCH