Unit Information
This 41-unit mixed-use building consists of (3) commercial units and (38) SRO (single room occupancy) units. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. This asset is well-maintained, featuring a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed in the past 3 years. The property is well-positioned on the south side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (0.6 miles). The property is walkable to local retail establishments, eateries, grocery stores, and parks. The cap rate upon acquisition is 9.30%.
- Additional Details
- Status: ACT
- Type: Multi-Family, 5+ Family - Rooming House
- Zip Code: 01843
- Levels: 3
- Parking
- Parking: Off Street
- Rooms and Dimensions
- Total Units: 41
- Total Floors: 3
- Total Rooms: 2
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$3,200,000
- Listing ID: 73420964
- Bedrooms: 38
- Full Baths: 4
- Half Baths: 3
- Living Area: 17,706 sqft Convert
- Lot Size: 6,995 sqft Convert
- Acres: 0.16
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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 | |