7 Central Square, Lynn, MA 01901

$1,699,900

0 beds 0 baths 3,697 sqftActive

About this home

FOUR Commercial store front (consisting of ONE condo). Great income, minimal expenses make this property a great investment. Condo fee of $350.00 monthly includes master insurance, water, sewer, exterior maintenance, etc. Centrally located near public transportation. Great money maker, perfect for a 1031 tax exchange, GREAT INVESTMENT! Union Cafe $3, 500. month. Sonia Driving School $2, 000. month. Hair Salon $1, 650. month. Grocery Store $1, 650. month. Tenants pay all utilities.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment

$10,568/mo

Real estate (PITI + HOA + PMI): $10,734
Utilities: $484
Transportation: $150
Other (entertainment): $158

Your monthly budget

Budget$11,068/mo

Remaining after TLC$500/mo

Purchase price

$1,699,900

Down payment

$84,995 (5%)

Loan amount

$1,614,905

APR

Quick facts

Type

COM

Style

—

Year built

—

Lot size

—

Stories

Heating

—

Cooling

—

Water

—

HOA

—

Annual tax

$8,610

MLS #

73190153

County

Essex

Neighborhood — 01901

Metric	This ZIP	County	USA
Population	6,537	6,444,931	299,088,112
Population Change Since1990	24.00%	7.00%	20.00%
Population Density	27,381	786	—
Male	3,167	3,127,134	147,432,321
Female	3,370	3,317,797	151,655,844
Never Married	2,175	1,612,885	63,775,926
Married	1,438	2,586,314	123,120,365
Separated	622	247,857	12,639,686
Widowed	569	363,594	15,467,586
Divorced	512	436,888	23,075,029
Number Of House Hold	3,042	2,431,591	111,826,380
Average House Hold Size	2.08	2.56	2.60
Medial Age	36.80	37.25	35.46
Median House Hold Income	$18,703	$57,698	$48,276
Average House Hold Income	$26,227	$75,023	$63,629
P C I	$13,160	$29,196	$24,529
M D I	$17,625	$48,105	$41,133
A T H E	$29,637	$57,083	$50,898
S T R	5.00%	5.00%	—
W C J	76.79%	81.38%	77.74%

(Zip) Code

1901

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Walk Score

See walkability, transit, and bike scores for 7 Central Square, Lynn, MA 01901 on walkscore.com →

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Listing information last refreshed 1/3/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.