Address
350 South Broadway, Lawrence, MA
Price
$ 1,200,000
Property Attributes
- MLS#73201130
- TypeMulti-Family
- CountyESSEX
- CityLawrence
- AreaSouth Lawrence
- Zip01843
- Style4 Family - 4 Units Up/Down
- Year Built1880
- Taxes$ 4900
- Price$ 1,200,000
- Bedrooms8
- Full Bathrooms5
- Half Bathrooms2
- Sqr Footage4052
Data Source:
Massachusetts MLS Property Info Network (MLSPIN)
Property Description
Welcome to this unique investment opportunity - a 5-unit multi-family home currently utilized as a 4-unit gem! Situated in a convenient location, this property is a canvas awaiting your transformative touch!! The exterior needs some TLC offering an ideal project for the savvy investor. Inside discover the updated heating systems ensuring comfort and efficiency. The units boast a mix of modernization, with a spacious 3 bedroom, two inviting 2 bedroom apartments, and a cozy 1 bedroom retreat. Each unit offers a comfortable living space embracing a balance of functionality and charm. The outside offers ample parking - a luxury - plus a foundation for another building with garage space below plus a storage shed.This property stands as a promising investment opportunity, combining the appeal of a multi-family home with the potential for value appreciation!! *****24 Hour Notice to show required****
| Elementary School | Middle School | High School |
|---|---|---|
| Lawrence Elementary School | Lawrence Middle School | Lawrence High School |
| Price History | |
|---|---|
| 2/9/2024 | Listed $1,200,000 |
General Features
| Interior Features | Cathedral/Vaulted Ceilings,Bathroom With Tub,Internet Available - Unknown,Kitchen,Family Room,Laundry Room,Living RM/Dining RM Combo,Dining Room,Living Room |
|---|---|
| Sewer | Public Sewer |
| Heating | Natural Gas |
| Utilities | for Electric Range |
| Roof | Shingle |
| Appliances | Range,Dishwasher,Refrigerator,Washer,Dryer |
| Zoning | MDL-03 |
| Patio/Porch Features | Porch |
| Construction Materials | Frame |
| Year Built | 1880 |
| Property SubType | 4 Family - 4 Units Up/Down |
| Tax Year | 2023 |
| Gross Income | 40800 |
| Community Features | Public Transportation,Shopping,Park,Highway Access |
| County | Essex |
| Net Operating Income | 26047 |
| Operating Expense | 14753 |
| Insurance Expense | 6766 |
| Property Type | Residential Income |
| Garage Y/N | No |
| Other Structures | Shed(s) |
| Total Rooms | 22 |
| Status | Active |
| Directions | GPS |
| High School | Lawrence |
| City | Lawrence |
| Senior Community Y/N | No |
| Total Units | 4 |
| MLS Area | South Lawrence |
| Lot Size Square Feet | 0.5 |
| Waterfront Y/N | No |
| Street Name | South Broadway |
| Elementary School | Lawrence |
| Year Built Details | Actual,Renovated Since |
| Tax Annual Amount | 4900 |
| Electric Expense | 220 |
| Home Warranty Y/N | No |
| Middle/Junior High School | Lawrence |
| Water Sewer Expense | 1847 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Assessed Value | 710000 |
| Tax Lot | 53 |
| Compensation Based On | Gross/Full Sale Price |
| Sub-Agency Relationship Offered | No |
Interior Features
| Basement | Full,Partially Finished |
|---|---|
| Flooring | Wood,Tile,Varies,Hardwood,Carpet |
| Total Fireplaces | 1 |
| Fireplace Features | Wood Burning |
| Total Stories | 6 |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Full Baths | 5 |
| Half Baths | 2 |
| Total Bedrooms | 8 |
| Total Baths | 7 |
Exterior Features
| Parking Features | Paved Drive,Off Street |
|---|---|
| Water Source | Public |
| Total Parking | 2 |
| Foundation Details | Stone |
| Spa | No |
| Building Area Total | 4052 |
| Lot Size Units | Acres |
| Road Frontage Type | Public |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 01843
Price
Taxes
Visits
Year Built
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