$1,150,000
$1,200,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
6 Baths
4,620 SqFt
SOLD DATE : 06/14/2024
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $248
MLS Listing ID 73217929
Sold Date 06/14/24
Bedrooms 12
Full Baths 6
Year Built 1920
Annual Tax Amount $8,213
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Description
Don't miss this opportunity to purchase 6 units located just over the North Andover line in South Lawrence. This building is comprised of six 2 bed 1 bath units, half of which have been fully renovated. These renovations include, but are not limited to, new kitchens, bathrooms, flooring, paint and windows. All of the units have boasted high rental demand because of the off street parking spaces, impeccable location to I-495 and other forms of public transportation. Additional income can be generated by providing 1 off-street parking space per unit and renting out the rest to local commuters or residents. Other major renovations include new roof, new soffits, freshly poured basement floor, rebuilt front porch and rebuilt side porches for all three levels.
Location
State MA
County Essex
Zoning R3
Direction 495 to Salem Turnpike to Falmouth Street
Rooms
Basement Unfinished
Interior
Interior Features Kitchen, Living RM/Dining RM Combo
Heating Baseboard, Natural Gas
Cooling None
Flooring Wood, Tile, Vinyl, Varies, Hardwood
Appliance Range, Microwave, Refrigerator, Freezer
Exterior
Community Features Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Public School, T-Station
Waterfront false
Roof Type Rubber
Total Parking Spaces 10
Garage No
Building
Lot Description Level
Story 9
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Israel Reyes • Hancock Realty Group LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "