Team Zingales | Methuen Real Estate, Tewksbury Real Estate, Haverhill Real Estate

378-386 Park St, Lawrence, MA 01841  

North Lawrence
Multi-Family
$1,100,000
Price
$985,000
Sale Price
8
Units
7,864
Approx. GLA
GREAT INVESTMENT OPPORTUNITY! Do not miss it! 8 unit building in Lawrence, cash cow which brings in a gross income of $97,800 and it could be a little more. There are 4-3 bedrooms, 1-2 bedroom and 2-1 bedrooms. This property experienced a complete rebuild gutted to studs in 2012. Conveniently located near many area amenities including schools, hospitals, hotels, shopping, dining, transportation & highway access. PRIME FOR FUTURE CONDO CONVERSION and FUTURE DEVELOPMENT. OFFERS MUST BE SUBMITTED WITH PROOF OF FUNDS  Call today to ask for details!
Highlights
Sale Price: $985,000
Settled Date: 10/18/2019 12:00:00 AM
Area/Village: North Lawrence
Basement Features: Full
List Price: $1,100,000
Type: Multi-Family
Multi-Family Type: 5-9 Family
Status: Sold
Beds: 17
Baths: 8
Units: 8
Year Built: 1920
Approx. GLA: 7,864
MLS#: 72519488
 
Interior
Basement: Yes
Electricity Cost: $1,000
Electric Features: 220 Volts, Individually Metered
Flooring: Varies Per Unit
Energy: Insulated Windows, Prog. Thermostat
Hot Water: Varies Per Unit
Rooms: 24
Lead Paint: Unknown
Total Floors: 3
Exterior
Water: No
Acres: 0.11
Lot Size: 4,948.00
Lot Description: Other (See Remarks)
Foundation: Granite
Parking Features: Other (See Remarks)
Road Type: Public
Color: Blue/Gray
Construction: Frame
Roof Material: Rubber
Utility: Varies per Unit
Exterior: Vinyl
Exterior Features: Sprinkler System, Screens
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $481,300
Taxes: $6,584
Tax Year: 2019
Book/Page: 12553/60
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $97,800
Gross Expenses: $16,100
Net Income: $81,700
Insurance Cost: $2,100
Refuse Cost: $3,000
Water Cost: $4,000
 
 
Additional
Amenities: Public Transportation, Shopping, Park, Highway Access, Private School, Public School
Disclosure Declaration: No
Disclosure: The building totally gutted and rehabbed in 2012 to the stud.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 3 0 2 1 0 Yes 1 $1,250
Unit 2 6 3 0 3 1 0 Yes 1 $1,250
Unit 3 6 3 0 3 1 0 Yes 1 $1,100
Unit 4 6 3 0 2 1 0 Yes 1 $1,000
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  None  Applicances:  Range - ENERGY STAR, Washer Hookup, Dryer Hookup, Microwave, Refrigerator - ENERGY STAR  Heating:  Forced Air, Gas, Unit Control  Interior:  Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Remodeled, Hardwood Floors, High Speed Internet Hookup, Upgraded Countertops, Walk-In Closet, Cable TV Available, Pantry, Storage  Rooms:  Living Room, Kitchen, Laundry 
Unit 2
Rent Includes:  Water  Cooling:  None  Applicances:  Range - ENERGY STAR, Microwave, Refrigerator - ENERGY STAR  Heating:  Forced Air, Gas, Unit Control  Interior:  Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Remodeled, Hardwood Floors, High Speed Internet Hookup, Upgraded Countertops, Walk-In Closet, Cable TV Available, Pantry, Storage  Rooms:  Living Room, Kitchen, Laundry 
Unit 3
Rent Includes:  Water  Cooling:  None  Applicances:  Range - ENERGY STAR, Microwave, Refrigerator - ENERGY STAR  Heating:  Forced Air, Gas, Unit Control  Interior:  Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Remodeled, Hardwood Floors, High Speed Internet Hookup, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet, Cable TV Available, Pantry, Storage  Rooms:  Living Room, Kitchen, Laundry 
Unit 4
Rent Includes:  Water  Cooling:  None  Applicances:  Range - ENERGY STAR, Microwave, Refrigerator - ENERGY STAR  Heating:  Forced Air, Gas, Unit Control  Interior:  Stone/Granite/Solid Counters, Bathroom With Tub & Shower, Remodeled, Hardwood Floors, High Speed Internet Hookup, Upgraded Cabinets, Upgraded Countertops, Walk-In Closet, Cable TV Available, Storage  Rooms:  Living Room, Kitchen, Laundry 
Common
Cooling:  None  Applicances:  Dryer, Washer - ENERGY STAR  Rooms:  Laundry 
Map
Area Sales
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The listing office is Century 21 North East and the listing agent is Team Zingales. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.
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