NOT LISTED FOR SALE

8-8A Cedar Lynn, MA 01902

Pine Hill Neighborhood
6 Beds
6 Baths
3,618 Sq Ft
3,412 Sq Ft Lot

Last Sold December 20, 2023

Last sale price $999,888 $276 Per Sq Ft

6 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Shops

About This Home

As of December 2023

***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.

Last Agent to Sell the Property

John Wellington

RE/MAX 360 Listed on: 09/29/2023

RE/MAX 360

Last Buyer's Agent

Wenli Zheng

Fairview Partners International LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,177

Year Built

  • Built in 1885

Lot Details

  • 3,412 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Parking Spaces

Home Design

  • 3,618 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Tar and Gravel Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Total Actual Rent $8,755
  • Assessor Parcel Number 1994681

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Shops

Building Details

  • Operating Expense $19,153
  • Net Operating Income $85,907

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,177

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1885
  • Buyer Agency: 1.5
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Unfinished
  • Living Area: 3618
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN4305
  • LIST PRICE PER Sq Ft: 304.04
  • PRICE PER Sq Ft: 276.36
  • MAIN SO: AN5096

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Roof: Tar/Gravel
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • SEWAGE DISTRICT: Lynn
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1994681
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3412
  • Lot Size Units: Acres
  • PAGE: 80452
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8177
  • Tax Book Number: 447

Multi Family

  • Gross Income: 105060
  • Net Operating Income: 85907
  • Number Of Units Total: 6
  • Operating Expense: 19153
  • Total Actual Rent: 8755
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $999,888 -9.1% $276 / Sq Ft
10/06/2023 10/06/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $1,100,000 -- $304 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John Wellington

    RE/MAX

    Section Image

  • W

    Buyer's Agent in 2023

    Wenli Zheng

    Fairview Partners International LLC

    (617) 447-5035

    2 in this area

    8 Total Sales

    Wenli Zheng
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73165096

MLS Property Information Network (MLS PIN)

APN: LYNN M:054 B:319 L:017

Massachusetts Essex County Lynn 01902 Pine Hill

8-8A Cedar, Lynn, MA

This home is located at 8-8A Cedar, Lynn, MA 01902 since 29 September 2023. This property was built in 1885. 8-8A Cedar is a home located in Essex County with nearby schools including Tracy Elementary School, William R. Fallon School, and Fecteau-Leary Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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