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Home Massachusetts Multi-Family Homes for Sale

35-37 Falmouth St Lawrence, MA 01843
Not Available - Off Market
28
$1,200,000
Total Beds: 12 Total Baths: 6
Total Units: 6 SQFT: 4620
LOT size: 0.13 Acres
35-37 Falmouth St
Lawrence, MA 01843
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This Property is No Longer Available

Property Description

Don't miss this opportunity to purchase 6 units located just over the North Andover line in South Lawrence. This building is comprised of six 2 bed 1 bath units, half of which have been fully renovated. These renovations include, but are not limited to, new kitchens, bathrooms, flooring, paint and windows. All of the units have boasted high rental demand because of the off street parking spaces, impeccable location to I-495 and other forms of public transportation. Additional income can be generated by providing 1 off-street parking space per unit and renting out the rest to local commuters or residents. Other major renovations include new roof, new soffits, freshly poured basement floor, rebuilt front porch and rebuilt side porches for all three levels.
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Property Details

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Highway Access, Laundromat, Medical Facility, Park, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Unfinished Basement
  • Common Rooms: Kitchen, Living RM/Dining RM Combo
  • Common Interior Features: Tile Floor
  • Common Appliances: Freezer, Microwave, Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard
  • Common Cooling: None

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 126600
  • Gross Expenses: 13550
  • GSE: 4700
  • Electric Expenses: 650
  • Water/Sewer: 3000
  • INSC: 5200
  • Net Operating Income: 113050

Utilities

  • Electric Info: Individually Metered
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Vinyl, Wood
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73217929
  • Last Updated: 05/02/24

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Map

Seller's Representative: Jack Mantville, J. Borstell Real Estate, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.0
Facilitator Compensation: 0
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-05-02 03:05:00

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