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Expired

151-155 S Union St, Lawrence MA 01843

$735,000

Estimated $1,597.82/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $245,000

Total Rent: 31200/year

Estimated CAP Rate: 3.58%

4 Bedrooms

4 Full Baths

4,081 SqFt

Total Parking: 6

5,000 SqFt

Rare opportunity to own this building positioned in a high traffic location. Surrounded by flourishing buisnesses. 2 resedential rental apartments on the 2nd level & commercial space on the 1st. Several recent updates include 2 new restrooms in the 1st level that were extensively remodeled, 1 of the rental apartments on the 2nd fl was also remodeled, new roof, new gutters, 2 new hot water heaters, 3 new furnaces, 2 new central air conditioners, & a high quality camera system. Bring your ideas Plenty of additional space in the basement for storage as well. This area of Lawrence has been growing exponentially over the last decade & could easily be the location you are looking for.

This home has been viewed 43 times

Last Checked: May 7th, 2024 at 8:31am (Source: MLS PIN #73027403)

Gross Income: $31,200

Gross Expenses: $4,872

Net Income Calc: $26,328

CAP Rate: 3.58%

Annual Expenses for 151-155 S Union St, Lawrence MA 01843

Total Gross Expenses (Calculated)$4,872/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$4,872.29

Annual Income & Unit Breakdown for 151-155 S Union St, Lawrence MA 01843

Total Gross Income (Calculated)$31,200

Unit 1

Rental Income$1,600

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 2

Rental Income$1,000

LeaseN

Bedrooms1

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingNo

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms

Bathrooms

Floor

Levels in Unit

HeatingNo

Rent Includes

General Information for 151-155 S Union St, Lawrence MA 01843

Listing ID73027403

Property TypeMulti Family

Price$735,000 ($180.1/SqFt)

StyleMulti Family

CityLawrence

CountyEssex

MLS Area

Neighborhood(s)

Approximate Living Area Total4,081 SqFt

Approximate Lot Size (Acres)0.11 acres

Total Parking6

Garage Parking

Year Built1984

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

ZoningB2

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 151-155 S Union St, Lawrence MA 01843

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area DisclosureBuyer & buyers agent expected to confirm all i

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$31,200

Total Net Income By Broker$31,200

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 151-155 S Union St, Lawrence MA 01843

Real Estate Taxes$4,872.29

Tax Year2022

Assessed Value$425,900

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$31,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$31,200

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)3.58%

Location Information for 151-155 S Union St, Lawrence MA 01843

Elementary School

Middle School

High School

Neighborhood(s)

MLS Area

Area Amenities

Contact Information for 151-155 S Union St, Lawrence MA 01843

Agent

Name: Cheyenne Vazquez

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 406.02

Principal & Interest 4528.84

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Cheyenne Vazquez

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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EXIT

Expired

151-155 S Union St, Lawrence MA 01843

$735,000

Annual Expenses for 151-155 S Union St, Lawrence MA 01843

Annual Income & Unit Breakdown for 151-155 S Union St, Lawrence MA 01843

General Information for 151-155 S Union St, Lawrence MA 01843

Disclosures for 151-155 S Union St, Lawrence MA 01843

Financial Information for 151-155 S Union St, Lawrence MA 01843

Location Information for 151-155 S Union St, Lawrence MA 01843

Contact Information for 151-155 S Union St, Lawrence MA 01843

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