Property Description

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 an 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!