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$3,200,000
Est. payment /mo
38 Beds
7 Baths
17,706 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Active
Purchase Type For Sale
Square Footage 17,706 sqft
Price per Sqft $180
MLS Listing ID 73454121
Bedrooms 38
Full Baths 7
Year Built 1900
Annual Tax Amount $26,240
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type 5+ Family - Rooming House
Property Description
This 41-unit mixed-use building consists of (3) commercial units and (38) SRO (single room occupancy) units. 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 MBTA's Haverhill Line (0.6 miles). The property is walkable to local retail establishments, eateries, grocery stores, and parks. The cap rate upon acquisition is 9.30%. Seller will consider other property in trade to help accommodate a 1031 exchange.
Location
State MA
County Essex
Zoning B2
Direction Located at 82 S Broadway Lawrence, MA
Rooms
Basement Full
Exterior
Community Features Public Transportation, Shopping, Public School, T-Station
Roof Type Rubber
Garage No
Building
Lot Description Level
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
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Listed by New England Realty Advisors LLC
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