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20-28 Holly, Lawrence, MA
SOLD 11/17/2323
0
$931,000
*Sale Price
Total Beds: 18 Total Baths: 6
Total Units: 5 SQFT: 6132
LOT size: 0.21 Acres
20-28 Holly
Lawrence, MA 01841
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This Property is No Longer Available

Property Description

*Offers due end of day Friday 10/6* Horvath & Tremblay is pleased to present the exclusive sale of two multi-family investment properties located at 20-22 & 24-28 Holly Street in Lawrence, Massachusetts. The Property is comprised of two adjacent parcels consisting of three buildings and containing a total of five (5) units. The units are comprised of three (3) 4-Bedroom/1-Bathroom units, one (1), 4-Bedroom/2-Bathroom unit, and one (1) 2-Bedroom/1-Bathroom unit. The buildings contain 6,132 square feet of living area in 10,878 gross square feet on a combined 0.20-acres of land. The Property also has a detached three-car garage and additional off-street surface parking. The buildings have a current cap rate of 7.33%.

Property Details

Building Information

  • Total Units: 5
  • Total Floors: 9
  • Total Bedrooms: 18
  • Total Full Baths: 6

Financial

  • APOD Available: No
  • Gross Operating Income: 100620
  • Gross Expenses: 34686
  • Electric Expenses: 520
  • Water/Sewer: 4275
  • INSC: 10000
  • Net Operating Income: 65934

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Other Rooms: Dining Room, Kitchen, Living Room
  • Levels: 2

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Other Rooms: Dining Room, Kitchen, Living Room
  • Levels: 2

Unit 3 Description

  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Levels: 2

Unit 4 Description

  • Floors: 1
  • Other Rooms: Kitchen, Living Room
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73165145
  • Last Updated: 11/17/23

Mortgage Calculator

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Map

Seller's Representative: Spencer Norton, Horvath & Tremblay
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.5
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2023-11-17 13:03:00

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