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Canceled

131 May St, Lawrence MA 01841

$869,900

Estimated $1,906.71/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $289,966.67

Total Rent: 57000/year

Estimated CAP Rate: 5.87%

8 Bedrooms

3 Full Baths

3,220 SqFt

Total Parking: 8

6,098 SqFt

Welcome to this showcase of pride in ownership multi-family home, built in 2004, boasting three levels of fully finished living space. The large open-concept design creates a spacious and inviting atmosphere in each unit. This property features two main units, each offering 3 bedrooms. The finished basement, features 900 sq ft, includes a 2-bedroom unit, providing additional rental income or living space. Energy efficiency is a highlight with solar panels that cover energy needs for two levels, reducing costs and have a low lease agreement. Each unit is equipped with central air conditioning and heating, with condenser units less than 5 years old, ensuring comfort year-round. The home is suited with a high-end water softener system by Puronics, installed less than 3 years ago, providing superior water quality. In addition, tenants have access to a coin-operated laundry on-site, plenty of parking and proximity to local amenities add to the appeal. Schedule a Showing today!

This home has been viewed 77 times

Last Checked: January 4th, 2025 at 5:19am (Source: MLS PIN #73293167)

Gross Income: $57,000

Gross Expenses: $5,954

Net Income Calc: $51,046

CAP Rate: 5.87%

Annual Expenses for 131 May St, Lawrence MA 01841

Total Gross Expenses (Calculated)$5,954/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$5,954

Annual Income & Unit Breakdown for 131 May St, Lawrence MA 01841

Total Gross Income (Calculated)$57,000

Unit 1

Rental Income$2,500

LeaseN

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(electric, Water)

Unit 2

Rental Income$2,250

LeaseN

Bedrooms3

Bathrooms1 Full

Floor2

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(electric, Water)

Unit 3

Rental Income$0

Lease

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(electric, Water)

General Information for 131 May St, Lawrence MA 01841

Listing ID73293167

Property TypeMulti Family

Price$869,900 ($270.16/SqFt)

StyleMulti Family

CityLawrence

CountyEssex

MLS AreaNorth Lawrence

Neighborhood(s)

Approximate Living Area Total3,220 SqFt

Approximate Lot Size (Acres)0.14 acres

Total Parking8

Garage Parking

Year Built2004

Year Built SourcePublic Records

Year Renovated

Year Built DetailsActual

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesGentle Sloping

Foundation Area

Foundation DescriptionConcrete Perimeter

Accessible Features1

Outdoor Space

ZoningR3

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy FeaturesVaries per Unit, Solar

Terms

Disclosures for 131 May St, Lawrence MA 01841

Lead Paint

UFFI

Living Area Includes BasementYes

Living Area DisclosureLegal 2 Bedroom unit garden level.

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data Source

Total Gross Expenses By Broker$0

Total Gross Income By Broker$57,000

Total Net Income By Broker$57,000

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation

Facilitator Compensation

Sub-Agent Compensation

Compensation Based On

Financial Information for 131 May St, Lawrence MA 01841

Real Estate Taxes$5,954

Tax Year2024

Assessed Value$643,700

Financial Data Source

Total Gross Expenses By Broker$0

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$57,000

BostonRealEstate.com Gross Income

Total Net Income By Broker$57,000

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)5.87%

Location Information for 131 May St, Lawrence MA 01841

Elementary School

Middle School

High School

Neighborhood(s)

MLS AreaNorth Lawrence

Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Park, Laundromat, Bike Path, Public Transportation, Private School, Sidewalks

Contact Information for 131 May St, Lawrence MA 01841

Agent

Name: Michelle Silverio

Office

Name: eXp Realty

Phone: 888-854-7493

Payment Calculator

, Interest

Property Taxes 496.17

Principal & Interest 5360.05

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

eXp Realty

Michelle Silverio

Agent Phone

Office Phone

(888) 854-7493

Text Agent Call Agent Call Office

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)

EXIT

Canceled

131 May St, Lawrence MA 01841

$869,900

Annual Expenses for 131 May St, Lawrence MA 01841

Annual Income & Unit Breakdown for 131 May St, Lawrence MA 01841

General Information for 131 May St, Lawrence MA 01841

Disclosures for 131 May St, Lawrence MA 01841

Financial Information for 131 May St, Lawrence MA 01841

Location Information for 131 May St, Lawrence MA 01841

Contact Information for 131 May St, Lawrence MA 01841

Agent

Office

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Exclusive Listing Agent

eXp Realty

Michelle Silverio