311-313 South Broadway
311-313 South Broadway
$577,500
6
2
2
5,040
5,040
$115
Sold 1/22/21
Description
Location, Location and Location! This is an $66,000 opportunity -- one of the best combination location: one-stone away from major highway #93/#495, neighbor with TD Bank, brand new Cumberland/Gas station right across street. This three units property consists of two over-size three-bedroom apartments on the 2nd and 3rd floor, a more than 2000 sqft restaurant on the first floor. All utilities are separated, each tenants pay their own. Currently each rental apartment pays $1,500 monthly and tenant-at-will....Location, Location and Location! This is an $66,000 opportunity -- one of the best combination location: one-stone away from major highway #93/#495, neighbor with TD Bank, brand new Cumberland/Gas station right across street. This three units property consists of two over-size three-bedroom apartments on the 2nd and 3rd floor, a more than 2000 sqft restaurant on the first floor. All utilities are separated, each tenants pay their own. Currently each rental apartment pays $1,500 monthly and tenant-at-will. The first floor restaurant pays $2,500 monthly plus its utilities. At the back of building, there is 4~5 parking space. For this location and size apts,, it is easy to rent . It will be great with for owner-use restaurant while collecting $3,000 monthly rents, or living in one apartment collecting $4,000 monthly rents. Per city land use planner, this property is in the B2 zone, it can be used for many commercial use like liquor store or simply convert to 3-family with variance.
- Listed by Mei Zhou • Coldwell Banker Realty - Andover
Property Details for 311-313 South Broadway
Town
Lawrence
AreaMA-Lawrence
Garage Spaces0
Parking Spaces5.00
Parking Spaces Total5
Location
LISTING UPDATED: 08/06/2022 07:29 AM
Property Details for 311-313 South Broadway
Status | Sold |
---|---|
MLS # | 72719246 |
Days on Market | 140 |
Taxes | $8,100 / year |
HOA Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-family / 3 Family |
Year Built | 1925 |
County | Essex County |
Location
Building Information for 311-313 South Broadway
Stories6Residences3Year Built1925Building Size-Lot Size0.17 AC / 7,338 SF
Payment Calculator
$3,827 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 311-313 South Broadway
Property History for 311-313 South Broadway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 311-313 South Broadway
Taxable ValueLand$171,200Additions$483,400Total$654,600
Home Facts
Baths5Total Finished SqFt5,040 SqFtAbove Grade Finished SqFt5,040 SqFtStories3Lot Size5,000 SqFtStyleOffice BuildingYear Built1925CountyESSEXAPNLAWR M:0098 B:0000 L:0005
Schools near 311-313 South Broadway
This home is within Lawrence School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 4 | |||
Public - | 1 to 12 | |||
Public - | 5 to 8 | |||
Public - | 5 to 8 |
Rating | School | Distance |
---|---|---|
Robert Frost PublicK to 4 | ||
School For Exceptional Studies Public1 to 12 | ||
Parthum Middle School Public5 to 8 | ||
Arlington Middle School Public5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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