Unit Information
Unlock the potential of this expansive mixed-use property in a prime Lawrence location. Currently configured with three tenant-at-will residential units, this property offers immediate income and significant upside. The second floor units were fully renovated in 2022, featuring updated electrical systems and modern finishes, also a permitted addition creating a bonus room for abundant space. The ground floor presents a versatile commercial space, awaiting complete transformation. Approved by the building department for conversion into a fourth residential unit, architectural plans are already in place, offering a clear path to increasing rental income and property value. Alternatively, renovate the commercial space to cater to local business needs, tapping into a different market segment. This property boasts a large footprint, and deck providing an additional exit for the upper units. Don't miss this opportunity to capitalize on such flexible options and substantial growth capability!
- Additional Details
- Status: ACT
- Type: Multi-Family, Triplex
- Zip Code: 01841
- Levels: 4
- Parking
- Parking: Other
- Rooms and Dimensions
- Total Units: 3
- Total Floors: 4
- Total Rooms: 8
- Has Basement: Yes
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$619,000
- Listing ID: 73520168
- Bedrooms: 7
- Full Baths: 4
- Living Area: 4,500 sqft Convert
- Lot Size: 8,862 sqft Convert
- Acres: 0.2
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Luxury Residential Group
(617) 233-5800
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LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |