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Expired

324-326 Broadway, Lawrence MA 01841

$1,098,800

Estimated $2,265.80/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $274,700

Total Rent: 96000/year

Estimated CAP Rate: 7.30%

11 Bedrooms

6 Full, 2 Half Baths

5,800 SqFt

Total Parking: 10

6,800 SqFt

Broadway!!! Prime Investment opportunity in the most heavily traveled street of the city. A mixed-used multifamily with great visibility and most foot traffic, ideal for business. Two bottom units are business and the top two units are residential. The building has two entrances with ten fenced parking spaces in the back and plenty of off the street parking / without permit in both front and back. Two extra large residential apartments with five beds and two full baths EACH. The walkout basement is huge and completely finished with a ceramic floor. The basement is perfect for storage and gathering.

This home has been viewed 27 times

Last Checked: May 7th, 2024 at 2:46am (Source: MLS PIN #73050572)

Gross Income: $96,000

Gross Expenses: $15,837

Net Income Calc: $80,163

CAP Rate: 7.30%

Beach Front

Annual Expenses for 324-326 Broadway, Lawrence MA 01841

Total Gross Expenses (Calculated)$15,837/year

APOD AvailableYes

Heating

Electricity$1,800

Water$1,740

Gas$1,740

Insurance$3,500

Sewer$1,740

Trash Removal$1,488

Repair & Maintenance

Management

Miscellaneous$1,500

Real Estate Tax$5,809.23

Annual Income & Unit Breakdown for 324-326 Broadway, Lawrence MA 01841

Total Gross Income (Calculated)$96,000

Unit 1

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater, Hot Water), Unit 2(electric, Other (see Remarks)), Unit 1(electric, Unit 4(electric), Unit 3(electric

Unit 2

Rental Income$3,300

LeaseN

Bedrooms5

Bathrooms5 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesWater, Hot Water), Unit 2(electric, Other (see Remarks)), Unit 1(electric, Unit 4(electric), Unit 3(electric

Unit 3

Rental Income$3,200

LeaseN

Bedrooms5

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesWater, Hot Water), Unit 2(electric, Other (see Remarks)), Unit 1(electric, Unit 4(electric), Unit 3(electric

Unit 4

Rental Income$1,500

Lease

Bedrooms

Bathrooms1 Half

Floor1

Levels in Unit1

HeatingYes

Rent IncludesWater, Hot Water), Unit 2(electric, Other (see Remarks)), Unit 1(electric, Unit 4(electric), Unit 3(electric

General Information for 324-326 Broadway, Lawrence MA 01841

Listing ID73050572

Property TypeMulti Family / 4 Family

Price$1,098,800 ($189.45/SqFt)

Style4 Family - 4 Units Side By Side

CityLawrence

CountyEssex

MLS AreaNorth Lawrence

Neighborhood(s)

Approximate Living Area Total5,800 SqFt

Approximate Lot Size (Acres)0.16 acres

Total Parking10

Garage Parking

Year Built1900

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot Features

Foundation Area2226

Foundation DescriptionConcrete Perimeter

Accessible Features1

Outdoor Space

ZoningB2

Zoning Details

Water ViewsNo

Water Views Features

WaterfrontNo

Waterfront FeaturesBeach Front, Beach Ownership(public), Lake/pond, 1 To 2 Mile To Beach

Energy Features

Terms

Disclosures for 324-326 Broadway, Lawrence MA 01841

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureMeasures are estimates.

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$10,028

Total Gross Income By Broker$144,000

Total Net Income By Broker$133,972

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation0.0

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 324-326 Broadway, Lawrence MA 01841

Real Estate Taxes$5,809.23

Tax Year2022

Assessed Value$507,800

Financial Data SourceOwner

Total Gross Expenses By Broker$10,028

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$144,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$133,972

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)7.30%

Location Information for 324-326 Broadway, Lawrence MA 01841

Elementary School

Middle School

High SchoolLhs

Neighborhood(s)

MLS AreaNorth Lawrence

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Medical Facility, Laundromat, Bike Path, Public Transportation, T-station, Private School, University, Other

Contact Information for 324-326 Broadway, Lawrence MA 01841

Agent

Name: Albania Perez

Office

Name: Keller Williams Realty Evolution

Phone: 781-395-5600

Payment Calculator

, Interest

Property Taxes 484.1

Principal & Interest 6770.46

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty Evolution

Albania Perez

Agent Phone

Office Phone

(781) 395-5600

Text Agent Call Agent Call Office

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EXIT

Expired

324-326 Broadway, Lawrence MA 01841

$1,098,800

Annual Expenses for 324-326 Broadway, Lawrence MA 01841

Annual Income & Unit Breakdown for 324-326 Broadway, Lawrence MA 01841

General Information for 324-326 Broadway, Lawrence MA 01841

Disclosures for 324-326 Broadway, Lawrence MA 01841

Financial Information for 324-326 Broadway, Lawrence MA 01841

Location Information for 324-326 Broadway, Lawrence MA 01841

Contact Information for 324-326 Broadway, Lawrence MA 01841

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Keller Williams Realty Evolution

Albania Perez