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439-443 Riverside Dr, Lawrence MA 01841

$949,000

Estimated $2,231/month Calculator

Multi Family

Total Units: 6

Price Per Unit: $158,166.67

Total Rent: 75000/year

Estimated CAP Rate:

18 Bedrooms

Baths

7520

Total Parking: 6

6,534 (0.15)

Large six family with tremendous rental upside potential. All three bedroom units averaging 1,200 square feet each. In a great area near the Methuen line. Plenty of off street parking. Tenants pay their own utilities. Vinyl sided. Two units are presently vacant and in the process of being prepped to rent at $1,850 each. Seller can leave vacant for new owner or deliver rented. Property needs cosmetics. Rents should be $1,850 each with cosmetic upgrades to apartments. Clean basement. 439 Riverside Dr., Units 1 & 2, 441 Riverside Dr., Units 1 & 3 have been issued letters of lead compliance per state website.

This home has been viewed 39 times

Last Checked: May 7th, 2024 at 4:21am (Source: MLS PIN #73051447)

Gross Income: $75,000

Gross Expenses: $20,112

Net Income Calc: $54,888

Water Views

Annual Expenses for 439-443 Riverside Dr, Lawrence MA 01841

Total Gross Expenses (Calculated)$20,112/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax8312

Annual Income & Unit Breakdown for 439-443 Riverside Dr, Lawrence MA 01841

Total Gross Income (Calculated)$75,000

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

Unit 2

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

Rent IncludesHeat

Unit 3

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent IncludesHeat

Unit 4

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent IncludesHeat

General Information for 439-443 Riverside Dr, Lawrence MA 01841

Listing ID73051447

Property TypeMulti Family / 5+ Family

Price949000 ($126.2/SqFt)

Style5-9 Family

CityLawrence

CountyEssex

Neighborhood(s)

Approximate Living Area Total7520

Approximate Lot Size (Acres)0.15

Total Parking6

Garage Parking0

Year Built1920

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningRES

Water ViewsNo

Water Views Features

Waterfront Features

Terms

Disclosures for 439-443 Riverside Dr, Lawrence MA 01841

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsStaging And Personal Belongings

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2

Facilitator Compensation1

Compensation Based OnNet Sale Price

Financial Information for 439-443 Riverside Dr, Lawrence MA 01841

Real Estate Taxes8312

Tax Year2022

Assessed Value$726,600

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 439-443 Riverside Dr, Lawrence MA 01841

Neighborhood(s)

Area Amenities

Contact Information for 439-443 Riverside Dr, Lawrence MA 01841

Agent

Name: Joseph Lilly

Office

Name: Sky Realty, LLC

Phone: 781-489-6282

Payment Calculator

, Interest

Property Taxes 692.67

Principal & Interest 5847.44

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Sky Realty, LLC

Joseph Lilly

Agent Phone

Office Phone

(781) 489-6282

Text Agent Call Agent Call Office

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EXIT

8 More Photos

Closed

439-443 Riverside Dr, Lawrence MA 01841

$949,000

Annual Expenses for 439-443 Riverside Dr, Lawrence MA 01841

Annual Income & Unit Breakdown for 439-443 Riverside Dr, Lawrence MA 01841

General Information for 439-443 Riverside Dr, Lawrence MA 01841

Disclosures for 439-443 Riverside Dr, Lawrence MA 01841

Financial Information for 439-443 Riverside Dr, Lawrence MA 01841

Location Information for 439-443 Riverside Dr, Lawrence MA 01841

Contact Information for 439-443 Riverside Dr, Lawrence MA 01841

Agent

Office

Payment Calculator

Exclusive Listing Agent

Sky Realty, LLC

Joseph Lilly