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 MBTA’s 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.
17,706 Sq Ft
6,995 Sq Ft Lot Size
investment
US$2,187 Monthly Tax
Built in 1900
MLS/Listing ID 73454121
3 Stories
41 Units
Lot - Level
Brick Mortar
Construction - Brick
Community - Public Transportation
Community - Shopping
Public Water
Public Sewer
Rubber
Community - Public School
Community - T-Station
TOTAL MONTHLY COST
US$0
US$0
US$0