BEDS38
BATHS7 full
SQUARE FEET17,706
MLS#73454121
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
This 41-unit mixed-use building consists of (3) commercial units totaling 5900 SF and (38) SRO (single room occupancy) units across 11,800 SF. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. This asset is well-maintained, featuring a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed in the past 3 years. The property is well-positioned on the south side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTAs Haverhill Line (0.6 miles). The property is walkable to local retail establishments, grocery stores, and parks. The cap rate upon acquisition is 10%. Seller will consider other property in trade to help accommodate a 1031 exchange.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Lot Size: 0.16 Acres
Roof Type: Rubber
Stories: 3.0
Taxes: $26,240
Year Built: 1900
Feature Descriptions
Building Area Total: 17706
Community Features: Public Transportation, Shopping, Public School, T-Station
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: 206
Dwelling Type: 5+ Family - Rooming House
Exterior: Brick
Lot Features: Level
Open Parking Y/N: Yes
Parcel Number: 4205642
Parking Total: 0
Rooms Total: 45
Sewer: Public Sewer
Units: 41
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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Estimated Payment
$ 9,725.78 per month $6,665.57 Principal & Interest $2,186.67 Property Tax $873.54 Homeowner's Insurance
82 S Broadway | MLS# 73454121
This multi-family property located at 82 S Broadway, Lawrence, MA 01843 is currently listed for sale with an asking price of $2,995,000. Search Lawrence real estate on www.masiellogrouprealestate.com today.