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

Price:
$1,100,000
MLS #:
73303277
Status:
Active
Beds:
8
Baths:
3
Address:
8 Breed Sq
Type:
Multi Family
Subtype:
3 Family – 3 Units Up/Down
City:
Lynn
Listed Date:
Oct 16, 2024
State:
MA
Finished Sq Ft:
3,483
Total Sq Ft:
3,483
ZIP:
01905
Lot Size:
3,580 sqft / 0.08 acres (approx)
Year Built:
1890
Units:
3

Schools

Interior

Appliances
Range, Refrigerator
Bathrooms
3 Full Bathrooms
Flooring
Varies, Hardwood
Heating
Natural Gas

Exterior

Exterior Features
Balcony
Parking Features
Off Street, Tandem
Parking Spots
4

Financial

Net Operating Income
$62,400
Tax Year
2024
Taxes
$9,734

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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8 Breed Sq
Lynn, MA