BEDS27
BATHS27 full
SQUARE FEET27,583
MLS#73562010
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Heating: Baseboard
Lot Size: 0.44 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $36,323
Year Built: 1900
Feature Descriptions
Building Area Total: 27583
Community Features: Public Transportation
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 30
Dwelling Type: 5-9 Family
Electric: 100 Amp Service
Exterior: Frame
Flooring: Wood, Vinyl
HeatingY/N: 1
Lot Features: Corner Lot
Open Parking Y/N: Yes
Parcel Number: 4208327
Parking Features: Off Street, On Street
Parking Total: 13
Patio And Porch: Porch
Rooms Total: 99
Sewer: Public Sewer
Units: 27
Water: Public
Listed By / Shown By
Listed By
Agency Name: New England Realty Advisors LLC
Agent Name: Bradford Carlson
Agency Phone: 781-334-8044
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Choose a date and time to see 102-114 Water, Lawrence, MA 01841.
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Estimated Payment
$ 17,123.42 per month $12,463.17 Principal & Interest $3,026.92 Property Tax $1,633.33 Homeowner's Insurance
102-114 Water | MLS# 73562010
This multi-family property located at 102-114 Water, Lawrence, MA 01841 is currently listed for sale with an asking price of $5,600,000. Search Lawrence real estate on www.masiellogrouprealestate.com today.