$999,888
$1,100,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
6 Baths
3,618 SqFt
SOLD DATE : 12/20/2023
Key Details
Sold Price $999,888
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,618 sqft
Price per Sqft $276
MLS Listing ID 73165096
Sold Date 12/20/23
Bedrooms 6
Full Baths 6
Year Built 1885
Annual Tax Amount $8,177
Tax Year 2023
Lot Size 3,484 Sqft
Acres 0.08
Property Description
***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.
Location
State MA
County Essex
Zoning R4
Direction Google Maps. Corner of Boston and Cedar.
Rooms
Basement Unfinished
Exterior
Community Features Public Transportation, Shopping, Public School
Waterfront Description Beach Front,1 to 2 Mile To Beach
Roof Type Tar/Gravel
Total Parking Spaces 4
Garage No
Building
Lot Description Corner Lot
Story 9
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Wenli Zheng • Fairview Partners International LLC
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Broker-Owner