Overview Property Details Payment Calculator Walkability

Pending

356-360 S Union St, Lawrence MA 01843

$700,000

Estimated $1,734.47/month Calculator

Multi Family

Total Units: 5

Price Per Unit: $140,000

Total Rent: 37500/year

Estimated CAP Rate: 4.33%

12 Bedrooms

3 Full Baths

5,371 SqFt

Total Parking: 5

6,270 SqFt

INVESTORS TAKE NOTICE! 5 FAMILY INVESTMENT OPPORTUNITY - This property consist of 2 buildings on one lot with over 5000 sq ft of living space. (3, 3 bdrms units, 1, 2 bdrm unit and 1, 1 bdrm unit). Off street parking for 5 cars. New furnaces, hot water tanks and stoves in...

This home has been viewed 81 times

Last Checked: May 6th, 2024 at 11:55pm (Source: MLS PIN #72875701)

Gross Income: $37,500

Gross Expenses: $7,193

Net Income Calc: $30,307

CAP Rate: 4.33%

Annual Expenses for 356-360 S Union St, Lawrence MA 01843

Total Gross Expenses (Calculated)$7,193/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$7,193

Annual Income & Unit Breakdown for 356-360 S Union St, Lawrence MA 01843

Total Gross Income (Calculated)$37,500

Unit 1

Rental Income$800

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 2

Rental Income$675

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

Unit 3

Rental Income$850

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent Includes

Unit 4

Rental Income$800

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent Includes

General Information for 356-360 S Union St, Lawrence MA 01843

Listing ID72875701

Property TypeMulti Family

Price$700,000 ($130.33/SqFt)

Style5+ Family - 5+ Units Up/down

CityLawrence

CountyEssex

MLS AreaSouth Lawrence

Neighborhood(s)

Approximate Living Area Total5,371 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking5

Garage Parking

Year Built1920

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningRes

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 356-360 S Union St, Lawrence MA 01843

Lead Paint

UFFI

Living Area Includes Basement

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$47,700

Total Net Income By Broker$47,700

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 356-360 S Union St, Lawrence MA 01843

Real Estate Taxes$7,193

Tax Year2021

Assessed Value$586,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$47,700

BostonRealEstate.com Gross Income

Total Net Income By Broker$47,700

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)4.33%

Location Information for 356-360 S Union St, Lawrence MA 01843

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaSouth Lawrence

Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Laundromat, Public Transportation

Contact Information for 356-360 S Union St, Lawrence MA 01843

Agent

Name: Mark Beliveau

MLS ID: G0002355

Office ID: AN5825

National Association ID: 456011831

Address: 16 Stedman St. Suite 10

City: Lowell

State: MA

Zip: 01851

Office

Name: Merrimack Realty Group

MLS Office ID: NB2794

Phone: 978-934-0007

Payment Calculator

$4,912.60 per month

30 Years Fixed, 6.75% Interest

Property Taxes $599.42

Principal & Interest $4,313.18

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Merrimack Realty Group

Mark Beliveau

Agent Phone

Office Phone

(978) 934-0007

Text Agent Call Agent Call Office

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EXIT

Pending

356-360 S Union St, Lawrence MA 01843

$700,000

Annual Expenses for 356-360 S Union St, Lawrence MA 01843

Annual Income & Unit Breakdown for 356-360 S Union St, Lawrence MA 01843

General Information for 356-360 S Union St, Lawrence MA 01843

Disclosures for 356-360 S Union St, Lawrence MA 01843

Financial Information for 356-360 S Union St, Lawrence MA 01843

Location Information for 356-360 S Union St, Lawrence MA 01843

Contact Information for 356-360 S Union St, Lawrence MA 01843

Agent

Office

Payment Calculator

Exclusive Listing Agent

Merrimack Realty Group

Mark Beliveau