148 Liberty, Lynn MA 01901 – 31 bed 24 bath For Sale – 73317676
Overview
- Updated On:
- March 3, 2025
-
- 73317676
- 31 Bedrooms
- 24 Bathrooms
- 0 Garage Spaces
- 0 Non-Garage Parking Spaces
- 1943
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.
This property is listed by Dan Pouladian from North Shore Realty Advisors
Property Listing Details
Overview
| MLS Status | Active |
|---|---|
| Price | $ 4,900,000 |
| Living Area | 13,376.00 ft2 |
| Bedrooms | 31 |
| Total Rooms | 78 |
|---|---|
| Listing MLS ID | 73317676 |
| Days on Market | 88 |
| Bathrooms | 24 |
Unit Information
| Bedrooms | 31 |
|---|---|
| Full Bathrooms | 24 |
| Half Bathrooms | 0 |
| Cooling | |
| Heating | |
| Uncovered Parking | 0 |
| Garage Parking | 0 |
| Water View | |
| Unit Level |
| Common Walls | |
|---|---|
| Laundry Features | |
| Lead Paint | Unknown |
| Outdoor Space Available | |
| Living Area Includes Basement | Full,Partially Finished,Dirt Floor,Concrete |
| Patio And Porch Features | |
| Parking Features | On Street |
| Waterview Features | |
| Flooring | Tile,Vinyl,Carpet |
Building Information
| Building Name | |
|---|---|
| Units in Building | 24 |
| Pets Allowed | |
| Association Amenities | |
| Pool Features | |
| Waterfront Features | |
| Association Fee Includes | |
| Construction Materials | Frame,Brick |
| Year Built | 1943 |
|---|---|
| Security Features | |
| Sewer | Public Sewer |
| Spa Features | |
| Structure Type | |
| Water Source | Public |
| Basement | Full,Partially Finished,Dirt Floor,Concrete |
| Roof | Rubber |
Additional Details
| Community Features | Public Transportation,Shopping,Walk/Jog Trails,Medical Facility,Public School,T-Station,University |
|---|---|
| Disclosures | |
| Last Updated | 2025-03-03T08:05:00.000Z |
| Building Area Source | Public Records |
| MLS PIN Page | |
| Parcel Number | 2003480 |
| Original List Price | 5200000 |
| Listing Office | north shore realty advisors |
| Tax Annual Amount | 41061 |
|---|---|
| Tax Assessed Value | 3899400 |
| Tax Book Number | 33762 |
| Tax Year | 2024 |
| Year Built Details | Approximate |
| Year Built Source | Public Records |
| Zoning | CBD |
| Listing Agent | dan pouladian |
Amenities and Features
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148 Liberty, Lynn MA 01901 | © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS ARE DEEMED RELIABLE, BUT SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. THE NUMBER OF BEDROOMS LISTED ABOVE IS NOT A LEGAL CONCLUSION. EACH PERSON SHOULD CONSULT WITH HIS/HER OWN ATTORNEY, ARCHITECT OR ZONING EXPERT TO MAKE A DETERMINATION AS TO THE NUMBER OF ROOMS IN THE UNIT THAT MAY BE LEGALLY USED AS A BEDROOM. EQUAL HOUSING OPPORTUNITY.
148 Liberty, Lynn MA 01901 – 31 bed 24 bath For Sale – 73317676
$ 4,900,000
Status: Active
148 Liberty, Lynn MA 01901, Lynn, , Essex 01901
Country: US
Property Overview
MLS #: 73317676
Type: 5+ Family - 5+ Units Up/Down /
Action: Residential Income
Year Built: 1943 (Approximate, Source: Public Records, Effective: )
Living Area: 13,376.00 ft2 (Total: 13376 Square Feet, Source: Public Records)
Lot Size: 0.11 ft2 (Area: 0.11 Acres, SqFt: 4817)
Total Rooms: 78
Condition:
Availability:
Building Name:
Interior Features
Bedrooms: 31 (Main Level: )
Bathrooms: Total: 24 (Full: 24, Half: 0, Decimal: 24, Main Level: )
Basement: Full,Partially Finished,Dirt Floor,Concrete
Fireplaces: 0 ()
Flooring: Tile,Vinyl,Carpet
Laundry:
Window Features: Insulated Windows
Door Features: Insulated Doors
Accessibility:
Entry: Level , Location:
Other Equipment:
Construction & Design
Style:
Materials: Frame,Brick
Foundation: Block,Stone (Area: 9999)
Roof: Rubber
Stories: 9 (9)
Common Walls:
Body Type:
Utilities & Green Features
Heating:
Cooling:
Water Source: Public
Sewer: Public Sewer ()
Utilities: for Electric Range,for Electric Oven,Varies per Unit
Electric: (Expense: 7428)
Gas:
Energy Certificate:
Green Energy Efficient:
Green Energy Generation:
Green Indoor Air Quality:
Green Water Conservation:
Insulation:
Exterior & Lot Features
Garage Spaces: 0
Covered Spaces: 0
Parking Total: 0
Parking Features: On Street
Pool:
Spa:
Patio/Porch:
Fencing:
Lot Features: Level
View: (, Waterview Y/N: )
Waterfront:
Road Frontage: Public ()
Road Surface:
Road Responsibility:
Other Structures:
Horse Amenities:
Wooded Area:
Pasture Area:
Cultivated Area:
Additional Parcels: (Number: )
Outdoor Space:
Community & Association
Community Features: Public Transportation,Shopping,Walk/Jog Trails,Medical Facility,Public School,T-Station,University
Association Fee: ()
Fee Includes:
Association Amenities:
Pets Allowed:
Schools: E: , M: , H:
Zoning: CBD ()
MLS Area: Major: , Minor:
Management:
Optional Fee: (Includes: )
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.
Room Details
Living Room (): x ( sqft) - Features:
Dining Room (): x ( sqft) - Features:
Kitchen (): x ( sqft) - Features:
Master Bedroom (): x ( sqft) - Features:
Master Bathroom: Features:
Laundry Dimensions:
Multi-Unit Information (if applicable)
Total Units: 24
Units Owner Occupied:
Unit 1: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1250, Lease: N
Unit 2: Beds: 2, Full Baths: 2, Half Baths: 0, Levels: 1, Rent: 1250, Lease: N
Unit 3: Beds: 1, Full Baths: 1, Half Baths: 0, Levels: 1, Rent: 1450, Lease:
Unit 4: Beds: , Full Baths: , Half Baths: , Levels: , Rent: , Lease:
Complex Complete:
Unit Building:
Financial & Lease Information
Tax Annual Amount: 41061 (Year: 2024)
Tax Assessed Value: 3899400
Tax Block/Lot/Book/Map: / / 33762 /
Parcel Number: 2003480
Special Licenses:
Current Financing:
Gross Income: 439800 (Scheduled: 0)
Net Operating Income: 295460
Operating Expense: 126748 (Water/Sewer: 14519, Insurance: 20400)
Financial Data Source: Estimated,Owner,Pro. Forma Available
APOD Available: Yes
Tenant Pays:
Rent Includes:
Total Actual Rent: 3950
Lease Term: (Existing Type: )
Deposit Required: (Security: , First Month: , Last Month: )
Insurance Required:
References Required:
Listing & Agent Information
Listing Agent: Dan Pouladian (MLS ID: NB115212) / Team: CN251378
Listing Office: North Shore Realty Advisors (MLS ID: AN7007)
Agent (Property): Dan Pouladian
Buyer Agent MLS ID:
Buyer Office MLS ID:
Listing Agreement: Exclusive Right To Sell
Listing Contract Date: 2024-12-05
Expiration Date: 1900-01-01
Original List Price: 5200000
Price Per SqFt (List): 366.33
Market Time (Property): 88 (Broker: 88, Prev Broker: 0, Prev Property: 0)
MLS Status: Active
Possession:
Directions: Market Street to Liberty Street
Disclosures: , N
Lead Paint: Unknown
Title 5:
Exclusions:
Contingency:
Special Listing Conditions:
Lender Owned:
Short Sale Lender Approval Required:
Home Warranty Y/N:
Documents Available: (Count: )
Showings Deferral Date:
Open House Flag: 1
Listing Alert: No
Square Feet Disclosures: Total Gross area 16,736 (Incl. Base: No, Other: )
Master Book/Page: / (Page: 245)
Sale Information (if applicable)
Close Date:
Close Price:
Price Per SqFt (Sold):
Anticipated Sold Date:
Concessions Amount:
Purchase Contract Date:
Sold vs Rent:
System Information
Property ID: 1747407
Modification Timestamp: 2025-03-03T08:05:00.000Z
Bridge Modification Timestamp: 2025-03-03T08:08:42.397Z
Original Entry Timestamp: 2024-12-05T14:32:00.000Z
Status Change Timestamp: 2025-02-27T18:00:00.000Z
Off Market Date:
Development Status:
Business Type:
