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 t...
This home has been viewed 15 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
CAP Rate: 5.78%
Annual Expenses for 439-443 Riverside Dr, Lawrence MA 01841
Total Gross Expenses (Calculated)$20,112/year
APOD AvailableYes
Heating
Electricity$600
Water$4,800
Gas$4,800
Insurance$4,000
Sewer$4,800
Trash Removal$2,400
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$8,312
Annual Income & Unit Breakdown for 439-443 Riverside Dr, Lawrence MA 01841
Total Gross Income (Calculated)$75,000
Unit 1
Rental Income$1,650
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 2
Rental Income$1,600
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 3
Rental Income$1,500
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
Unit 4
Rental Income$1,500
LeaseN
Bedrooms3
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)
General Information for 439-443 Riverside Dr, Lawrence MA 01841
Listing ID73051447
Property TypeMulti Family / 5+ Family
Price$949,000 ($126.2/SqFt)
Style5-9 Family
CityLawrence
CountyEssex
MLS Area
Neighborhood(s)
Approximate Living Area Total7,520 SqFt
Approximate Lot Size (Acres)0.15 acres
Total Parking6
Garage Parking
Year Built1920
Year Built SourcePublic Records
Year Renovated
Year Built DetailsApproximate
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot FeaturesSloped, Corner Lot
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningRES
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy 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
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$11,800
Total Gross Income By Broker$114,000
Total Net Income By Broker$0
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 439-443 Riverside Dr, Lawrence MA 01841
Real Estate Taxes$8,312
Tax Year2022
Assessed Value$726,600
Financial Data Source
Total Gross Expenses By Broker$11,800
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$114,000
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)5.78%
Location Information for 439-443 Riverside Dr, Lawrence MA 01841
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area Amenities
Contact Information for 439-443 Riverside Dr, Lawrence MA 01841