BEDS64
BATHS32 full 4 partial
SQUARE FEET60,243
MLS#73591823
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Known as the Bay State Building??, 11-21 Lawrence Street occupies a full city block in the heart of Lawrences vibrant downtown. The Property features thirty-nine (39) total units, comprised of thirty two (32) residential units on floors two through four and seven (7) street level commercial units with Chase Bank being the anchor tenant. Chase Bank signed a brand new 10-year lease in 2022 with four (4) 5-year renewal options and attractive rent increases throughout the primary term and renewal options. The Property occupies floors 1-4 of the iconic 8 floor, elevator serviced building in downtown Lawrence. Floors 1-4 feature 60,243 square feet of gross living area and 76,212 square feet of gross area. The Property is comprised of thirty-nine (39) total units, featuring seven (7) Commercial units, while the residential units are comprised of four (4) 3+Bedroom/1.5-Bathroom units, one (1) 3-Bedroom/1-Bathroom unit, three (3) 2+ Bedroom/1-Bathroom units, nineteen (19) 2-Bedroom/1-Bathroom units, three (3) 1-Bedroom/1-Bathroom units, and two (2) Studio units. Tenants are responsible for separately metered utilities. The Landlord is responsible for providing city water & sewer. *Total Monthly Rent is $75,105, exceeding the max allowed by MLS.*
Property Features
Property Type: Multi Unit - Multiple
Heating: Electric
Lot Size: 0.16 Acres
Roof Type: Rubber
Stories: 5.0
Taxes: $60,594
Year Built: 1905
Feature Descriptions
Building Area Total: 60243
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
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: 27
Dwelling Type: 5+ Family - 5+ Units Up/Down
Electric: Individually Metered
HeatingY/N: 1
Lot Features: Corner Lot, Level
Open Parking Y/N: Yes
Parcel Number: 4713026
Parking Features: On Street
Parking Total: 0
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
Rooms Total: 99
Sewer: Public Sewer
Units: 39
Water: Public
Listed By / Shown By
Listed By
Agency Name: Horvath & Tremblay
Agent Name: Spencer Norton
Agency Phone: 781-776-4000
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 21,663.24 per month $14,688.74 Principal & Interest $5,049.50 Property Tax $1,925.00 Homeowner's Insurance
11-21 Lawrence Street | MLS# 73591823
This multi-family property located at 11-21 Lawrence Street, Lawrence, MA 01840 is currently listed for sale with an asking price of $6,600,000. Search Lawrence real estate on www.masiellogrouprealestate.com today.