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20 Crestshire Dr, Lawrence MA 01843

$500,000

Estimated $1,191.17/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $250,000

Total Rent: 18600/year

Estimated CAP Rate: 2.81%

5 Bedrooms

2 Full Baths

1,800 SqFt

Total Parking: 6 (2 Garage)

14,800 SqFt

Welcome to this unique two-family property located in desirable Mount Vernon! With the appearance of a single-family home, this 2 family property offers the perfect opportunity for first-time buyers, multi-generational families, investors, or anyone seeking a smart investment. Unit A features 3 bedrooms & a family room in lower level. Unit B is a 2 bedroom unit. Heating system & hot water heater were replaced 2018. 2 car garage provides storage space & added convenience. Beautiful hardwood floors (some are hiding under the carpet in some rooms) Spacious back yard provides outdoor space for relaxation and entertaining. The location of this property is a true gem. Overall, this property presents an incredible opportunity to own a unique and versatile property that can cater to a range of needs. This property is ready for you to move in & make it your own with your personal touches and updates. This could be your perfect home sweet home and investment! Offers due Monday 3/13 by 5:00pm

This home has been viewed 25 times

Last Checked: May 7th, 2024 at 5:05am (Source: MLS PIN #73086323)

Gross Income: $18,600

Gross Expenses: $4,565

Net Income Calc: $14,035

CAP Rate: 2.81%

Annual Expenses for 20 Crestshire Dr, Lawrence MA 01843

Total Gross Expenses (Calculated)$4,565/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,565

Annual Income & Unit Breakdown for 20 Crestshire Dr, Lawrence MA 01843

Total Gross Income (Calculated)$18,600

Unit 1

Rental Income$0

LeaseN

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit2

HeatingYes

Rent IncludesGas, Water, Hot Water), Unit 2(heat

Unit 2

Rental Income$1,550

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesGas, Water, Hot Water), Unit 2(heat

General Information for 20 Crestshire Dr, Lawrence MA 01843

Listing ID73086323

Property TypeMulti Family

Price$500,000 ($277.78/SqFt)

StyleMulti Family

CityLawrence

CountyEssex

MLS AreaSouth Lawrence

Neighborhood(s)

Approximate Living Area Total1,800 SqFt

Approximate Lot Size (Acres)0.34 acres

Total Parking6 (2 Garage)

Garage Parking2 / Detached

Year Built1965

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features

Outdoor Space

Zoningres

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 20 Crestshire Dr, Lawrence MA 01843

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureUNIT A has family room in lower level not included

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$18,600

Total Net Income By Broker$18,600

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 20 Crestshire Dr, Lawrence MA 01843

Real Estate Taxes$4,565

Tax Year2023

Assessed Value$449,300

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$18,600

BostonRealEstate.com Gross Income

Total Net Income By Broker$18,600

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)2.81%

Location Information for 20 Crestshire Dr, Lawrence MA 01843

Elementary SchoolFrost

Middle SchoolFrost

High SchoolLhs

Neighborhood(s)

MLS AreaSouth Lawrence

Area AmenitiesWalk/jog Trails, Highway Access, Park

Contact Information for 20 Crestshire Dr, Lawrence MA 01843

Agent

Name: Deborah Carberry

Office

Name: RE/MAX Partners

Phone: 978-475-2100

Payment Calculator

, Interest

Property Taxes 380.42

Principal & Interest 3080.84

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

RE/MAX Partners

Deborah Carberry

Agent Phone

Office Phone

(978) 475-2100

Text Agent Call Agent Call Office

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                )

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                )

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                )

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                )

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                )

[31] => Array
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                )

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                )

[33] => Array
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                )

[34] => Array
                (
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                    [index] => 35
                    [enabled] => 1
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                )

[35] => Array
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                    [index] => 36
                    [enabled] => 1
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                    [modified] => 2024-05-07 05:06:03
                )

[36] => Array
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                )

[37] => Array
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                    [index] => 40
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                    [modified] => 2024-05-07 05:06:03
                )

)

)

EXIT