8-8A Cedar

Lynn, MA 01902 View Map $1,100,000 Schedule a Tour
Beds6
Baths6
Sq.Ft.3,618
Year1885
8-8A Cedar Lynn, MA 01902 | MLS 73165096 Photo 1
8-8A Cedar Lynn, MA 01902 | MLS 73165096 Map

Five Market Realty Group LLC

(978) 539-7335

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Status: Pending - Under Agreement
Property Type:5+ Family - 5+ Units Up/Down
MLS #:73165096
Sq. Feet:3,618
On Site:62 Days
Lot Size:0.08 Acres
County:Essex
***PARTIAL SELLER FINANCING AVAILABLE!*** 8-8A Cedar Street. A 3-story building with 6- One Bedroom units and great cash flow. Situated within close proximity to Market Basket, major transportation hubs, with less than 2 miles from the beach and the vibrant downtown Lynn area, convenience is at your doorstep. Tenants will appreciate easy access to shopping, dining, ample parking, and commuting options. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking to make a smart entry into the real estate market, this multi-family building offers a rare blend of immediate returns and future prospects. Tenants pay for heat through separate electric meters. Don't miss out on the chance to secure a prime property in a thriving location. Moreover, additional opportunity awaits with the adjacent property at 371 Boston Street.

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$000 Monthly Payment
Loan and interest only.

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Community Information

Address:8-8A Cedar, Lynn, MA 01902
County:Essex
City:Lynn
Zip Code:01902

Architecture

Bedrooms: 6
Bathrooms: 6
Year Built:1885
Stories:9
Construction Materials: Frame
Building Area: 3618
Roof: Tar/Gravel
Foundation: Stone
Basement: Unfinished
Parking Total: 4

Features / Amenities

Total Rooms:18

Property Features

Lot Size: 0.08 Acres
Lot Features: Corner Lot
Waterfront: Beach Front, 1 to 2 Mile To Beach
Sewer: Public Sewer
Water: Public
Zoning:R4
Directions:Google Maps. Corner of Boston and Cedar.

Tax and Financial Info

Tax Year: 2023
Tax Annual Amount: $8,177
Gross Income: $105,060
Net Operating Income: $85,907
Operating Expense: $19,153
Total Actual Rent: $8,755
Buyer Agency Compensation: 1.5
Buyer Agent Compensation: 1.5
Disclosures: All representations are stated from seller. Buyers and buyer's agents to do their own due diligence.

Listing Agent/Office

Listing provided courtesy of John Wellington, Re/Max 360.

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8-8A Cedar Lynn,  MA 01902
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8-8A Cedar Lynn, MA 01902
 
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Listing Information Last Updated 11/29/2023