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Canceled

41-43 Chelmsford St, Lawrence MA 01841

$1,299,900

Estimated $2,857.28/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $324,975

Total Rent: 111600/year

Estimated CAP Rate: 7.89%

16 Bedrooms

6 Full Baths

2,500 SqFt

Total Parking: 7

5,662 SqFt

Two newly renovated "Turnkey" duplexes on a subdivided lot now available! Cash cow collecting over $111,000 in gross rents!! New siding, new roof, new windows, new plumbing, new tankless HW heating, new electrical and solar panels for extra savings on utility costs. Fully renovated and insulated. Besides not having to worry about major mechanical issues, the interior has been remodeled with an open concept living inclusive of new kitchens and baths with soft close kitchen cabinets, new SS appliance packages, and in unit laundry hookups. Near the Methuen line with easy access for commuters to highways - 213, 93 and 495 to many amenities such as the Loop for shopping and dining, as well as tax free New Hampshire. This beautiful turnkey property is truly a must see. Showings start at the open house on Saturday 1/7 from 1-3PM

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 1:01am (Source: MLS PIN #73067034)

Gross Income: $111,600

Gross Expenses: $8,994

Net Income Calc: $102,606

CAP Rate: 7.89%

Annual Expenses for 41-43 Chelmsford St, Lawrence MA 01841

Total Gross Expenses (Calculated)$8,994/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$8,994

Annual Income & Unit Breakdown for 41-43 Chelmsford St, Lawrence MA 01841

Total Gross Income (Calculated)$111,600

Unit 1

Rental Income$2,400

LeaseN

Bedrooms4

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(hot Water), Unit 2(hot Water), Unit 3(hot Water), Unit 4(hot Water)

Unit 2

Rental Income$2,500

LeaseN

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(hot Water), Unit 2(hot Water), Unit 3(hot Water), Unit 4(hot Water)

Unit 3

Rental Income$2,000

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(hot Water), Unit 2(hot Water), Unit 3(hot Water), Unit 4(hot Water)

Unit 4

Rental Income$2,400

LeaseN

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(hot Water), Unit 2(hot Water), Unit 3(hot Water), Unit 4(hot Water)

General Information for 41-43 Chelmsford St, Lawrence MA 01841

Listing ID73067034

Property TypeMulti Family / 4 Family

Price$1,299,900 ($519.96/SqFt)

Style4 Family

CityLawrence

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total2,500 SqFt

Approximate Lot Size (Acres)0.13 acres

Total Parking7

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate,Renovated Since

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesEasements

Foundation Area

Foundation DescriptionStone

Accessible Features

Outdoor Space

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesThermostat, Solar

Terms

Disclosures for 41-43 Chelmsford St, Lawrence MA 01841

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasured by architect, buyer do due diligence

Building Area SourceMeasured

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$111,600

Total Net Income By Broker$111,600

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 41-43 Chelmsford St, Lawrence MA 01841

Real Estate Taxes$8,994

Tax Year2022

Assessed Value$786,200

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$111,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$111,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.89%

Location Information for 41-43 Chelmsford St, Lawrence MA 01841

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Public Transportation, Sidewalks

Contact Information for 41-43 Chelmsford St, Lawrence MA 01841

Agent

Name: Daniel Lauture

Office

Name: Coldwell Banker Realty - Andover

Phone: 978-475-2201

Team Members

Name: Erika Lauture

Phone: 978-305-7070

Payment Calculator

, Interest

Property Taxes 749.5

Principal & Interest 8009.57

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Coldwell Banker Realty - Andover

Daniel Lauture

Agent Phone

Office Phone

(978) 475-2201

Text Agent Call Agent Call Office

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[perc_test] => Array
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[terms] => Array
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)

EXIT

Canceled

41-43 Chelmsford St, Lawrence MA 01841

$1,299,900

Annual Expenses for 41-43 Chelmsford St, Lawrence MA 01841

Annual Income & Unit Breakdown for 41-43 Chelmsford St, Lawrence MA 01841

General Information for 41-43 Chelmsford St, Lawrence MA 01841

Disclosures for 41-43 Chelmsford St, Lawrence MA 01841

Financial Information for 41-43 Chelmsford St, Lawrence MA 01841

Location Information for 41-43 Chelmsford St, Lawrence MA 01841

Contact Information for 41-43 Chelmsford St, Lawrence MA 01841

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Exclusive Listing Agent

Coldwell Banker Realty - Andover

Daniel Lauture