Unit Information
We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.
- Additional Details
- Status: ACT
- Type: Multi-Family, Multi Family
- Zip Code: 01841
- Levels: 3
- Parking
- Garage Capacity: 13
- Parking: Off Street,On Street
- Parking Spaces: 13
- Rooms and Dimensions
- Total Units: 27
- Total Floors: 3
- Total Rooms: 99
- Has Basement: Yes
Loading...
$5,600,000
- Listing ID: 73562010
- Bedrooms: 27
- Full Baths: 27
- Living Area: 27,583 sqft Convert
- Lot Size: 19,166 sqft Convert
- Acres: 0.44
View description
Luxury Residential Group
(617) 233-5800
Receive more info or arrange a tour
When you are ready, please contact us and we will put our unrivaled knowledge of the Boston real estate market to work for you. Whether you are buying a luxury condo or renting a luxury apartment, we pledge to make your experience as stress free and enjoyable as possible.
Please call, email, or send us a message through the web form below. An LRG Real Estate agent will contact you promptly.
LRG Luxury Residential Group | 355 Boylston St, Boston MA 02116 | (617) 233-5800 | |