Discover an exceptional investment opportunity with this versatile mixed-use property in a high-traffic area. Featuring two commercial storefronts currently occupied by a tw beauty parlor, as well as two spacious residential units above, this property combines consistent income potential with modern amenities. This property is designed for low maintenance and reliability. With a total of 5,158 sq. ft. across three floors, the residential units offer three bedrooms and one bathroom each, providing steady rental income. Additionally, the property includes three off-street parking spaces, conveniently available for tenants and customers. Located in an urban setting with close access to public transportation, shops, and community amenities, this property appeals to both commercial and residential tenants alike.
This home has been viewed 76 times
Last Checked: December 28th, 2024 at 5:19am (Source: MLS PIN #73311348)
Gross Income: $0
Gross Expenses: $5,273
Net Income Calc: $5,273
CAP Rate: -0.66%
Annual Expenses for 354-356 Lowell St, Lawrence MA 01841
Total Gross Expenses (Calculated)$5,273/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax$5,273.42
Annual Income & Unit Breakdown for 354-356 Lowell St, Lawrence MA 01841
Total Gross Income (Calculated)$0
Unit 1
Rental Income$0
LeaseN
Bedrooms0
Bathrooms1 Full
Floor1
Levels in Unit1
HeatingYes
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms0
Bathrooms1 Full
Floor1
Levels in Unit0
HeatingYes
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor2
Levels in Unit2
HeatingYes
Rent Includes
Unit 4
Rental Income$0
LeaseN
Bedrooms3
Bathrooms1 Full
Floor3
Levels in Unit0
HeatingYes
Rent Includes
General Information for 354-356 Lowell St, Lawrence MA 01841
Listing ID73311348
Property TypeMulti Family / 4 Family
Price$799,900 ($155.05/SqFt)
Style4 Family
CityLawrence
CountyEssex
MLS AreaNorth Lawrence
Neighborhood(s)
Approximate Living Area Total5,159 SqFt
Approximate Lot Size (Acres)0.08 acres
Total Parking3
Garage Parking
Year Built1925
Year Built SourcePublic Records
Year Renovated
Year Built DetailsActual
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone
Accessible Features
Outdoor Space
ZoningMixed Use
Zoning Details
Water ViewsNo
Water Views Features
WaterfrontNo
Waterfront Features
Energy Features
Terms
Disclosures for 354-356 Lowell St, 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$0
Total Gross Income By Broker$0
Total Net Income By Broker$0
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation
Facilitator Compensation
Sub-Agent Compensation
Compensation Based On
Financial Information for 354-356 Lowell St, Lawrence MA 01841
Real Estate Taxes$5,273.42
Tax Year2024
Assessed Value$570,100
Financial Data Source
Total Gross Expenses By Broker$0
BostonRealEstate.com Gross Expenses
Total Gross Income By Broker$0
BostonRealEstate.com Gross Income
Total Net Income By Broker$0
BostonRealEstate.com Gross NOI
CAP Rate (based on Broker info)
CAP Rate (BostonRealEstate.com)-0.66%
Location Information for 354-356 Lowell St, Lawrence MA 01841
Elementary School
Middle School
High School
Neighborhood(s)
MLS AreaNorth Lawrence
Area AmenitiesWalk/jog Trails, Highway Access, Public School, Shopping, Park, Medical Facility, Laundromat, Public Transportation, Private School
Contact Information for 354-356 Lowell St, Lawrence MA 01841