8 Breed Sq, Lynn, MA 01905
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$1,100,000
3 Unit
8 Beds
3 Baths
3483 SQFT
0.08 Acre

Property Description

BUYER UNABLE TO OBTAIN FINANCING. Discover a prime investment opportunity in Lynn, MA, with a charming multi-family home that awaits. This property features three inviting units, each with 2-3 bedrooms and 1 bathroom, offering a modern and welcoming atmosphere ideal for tenants. With a successful rental history and recent updates to all utilities, it is ready to provide consistent and reliable income from the start. Enjoy the convenience of off-street parking in a vibrant neighborhood, just steps away from local shops, dining, and public transportation. Positioned perfectly amidst Lynn's ongoing revitalization, this property presents a remarkable chance to capitalize on the city’s growth. Don’t miss out on this opportunity.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 3
  • Basement Features: Full, Unfinished Basement
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room, Office/Den
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Unknown
  • Common Appliances: Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 62400
  • Net Operating Income: 62400

Utilities

  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 3 Family - 3 Units Up/Down
  • Foundation Info: Fieldstone, Irregular
  • Flooring Type: Hardwood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73303277
  • Last Updated: 12/08/24
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/08/2024Active$1,100,000$316MLSPIN
12/04/2024Back on Market$1,100,000$316MLSPIN
12/03/2024Under Agreement$1,100,000$316MLSPIN
11/22/2024Contingent$1,100,000$316MLSPIN
11/01/2024Active$1,100,000$316MLSPIN
10/28/2024Price Change$1,100,000$316MLSPIN
10/20/2024Active$1,030,000$296MLSPIN
10/16/2024New$1,030,000$296MLSPIN

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Seller's Representative: Treetop Group, Keller Williams Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-08 03:05:00

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