Attention developers, contractors and investors. Rare mixed-use opportunity in the heart of Lynn — two income streams, one address. 138 Marianna Street offers a 2-bedroom, 1-bath residential unit currently rented at $2,075/month (can be delivered vacant) and a ground-floor commercial space occupied by an active barber shop at $800/month. The property sits on a urban lot in an established Lynn neighborhood with proximity to the MBTA Commuter Rail, downtown Lynn amenities, and Route 1. Ideal for a developer looking for potential redevelopment, investor seeking immediate cash flow or an owner-occupant who wants rental and commercial income to offset carrying costs.
138 Marianna Street, Lynn, MA, 01902
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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