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$1,200,000
Total Beds: 8 Total Baths: 7
Total Units: 4 SQFT: 4052
LOT size: 0.00 Acres
350 South Broadway
Lawrence, MA 01843
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Property Description

Welcome to this unique investment opportunity - a 5-unit multi-family home currently utilized as a 4-unit gem! Situated in a convenient location, this property is a canvas awaiting your transformative touch!! The exterior needs some TLC offering an ideal project for the savvy investor. Inside discover the updated heating systems ensuring comfort and efficiency. The units boast a mix of modernization, with a spacious 3 bedroom, two inviting 2 bedroom apartments, and a cozy 1 bedroom retreat. Each unit offers a comfortable living space embracing a balance of functionality and charm. The outside offers ample parking - a luxury - plus a foundation for another building with garage space below plus a storage shed.This property stands as a promising investment opportunity, combining the appeal of a multi-family home with the potential for value appreciation!! *****24 Hour Notice to show required****

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 8
  • Total Full Baths: 5
  • Total Half Baths: 2
  • Total Fireplaces: 1
  • Amenities: Highway Access, Park, Public Transportation, Shopping
  • Basement Features: Full, Partially Finished
  • Common Rooms: Dining Room, Family Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub, Internet Available - Unknown, Tile Floor
  • Common Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 40800
  • Gross Expenses: 14753
  • Electric Expenses: 220
  • Water/Sewer: 1847
  • INSC: 6766
  • Repairs & Maintenance: 2500
  • Miscellaneous Expense: 3420
  • Net Operating Income: 26047

Utilities

  • Utility Connections: for Electric Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 3

Unit 3 Description

  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Tile, Wall to Wall Carpet, Wood
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73201130
  • Last Updated: 08/10/24

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Map

Seller's Representative: Charles McMahon, Berkshire Hathaway HomeServices Verani Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: Gross/Full 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 2024-08-10 03:05:00