311-313 South Broadway

Lawrence, MA 01843

$577,500
Last Sold Price
6
Beds
2
Baths
2
1/2 Baths
5,040 Sq. Ft.
$115 / Sq. Ft.
5,040
Sq. Ft.
$115
per Sq. Ft.

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.
  1. Listed by Mei Zhou • Coldwell Banker Realty - Andover

Property Details for 311-313 South Broadway

Town
Lawrence
Area
MA-Lawrence
Garage Spaces
0
Parking Spaces
5.00
Parking Spaces Total
5

Location

Listing Courtesy of Coldwell Banker Realty - Andover, Mei Zhou

Sold By William Raveis R.E. & Home Services, Pedro Calcano

Add your commute
LISTING UPDATED: 08/06/2022 07:29 AM

Property Details for 311-313 South Broadway

StatusSold
MLS #72719246
Days on Market140
Taxes$8,100 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 3 Family
Year Built1925
CountyEssex County

Location

Listing Courtesy of Coldwell Banker Realty - Andover, Mei Zhou

Sold By William Raveis R.E. & Home Services, Pedro Calcano

Add your commute

Building Information for 311-313 South Broadway

Stories6Residences3Year Built1925Building Size-Lot Size0.17 AC / 7,338 SF

Payment Calculator

$3,827 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,152

Property Taxes

$675

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311-313 South Broadway

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 5040.0
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Gas Water Heater, Tankless Water Heater
  • Basement Features: Full, Partially Finished, Interior Access
  • Num of Baths: 4.0
  • Num of Full Baths: 2
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Varies Per Unit, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Features: Unit 1(Bathroom With Tub), Unit 2(Bathroom With Tub), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room
Exterior Features
  • Fencing: Fenced/Enclosed
  • Lot Description: Level
  • Roof Material: Shingle, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: Unit 3(Central Air)
  • Cooling: Yes
  • Electric: 110 Volts, Individually Metered
  • Heating: Unit 1(Hot Water Radiators, Gas, Individual, Unit Control), Unit 2(Hot Water Baseboard, Gas), Unit 3(Central Heat)
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Assessments: $432,000
  • Book: 2718
  • Tax Year: 2020
  • Zoning: NAA
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 3
  • Heat Zones: 3
Income / Expenses
  • GOI: $66,000.00
  • NOI: $66,000.00
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 3
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,600.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 311-313 South Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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Listing Courtesy of Coldwell Banker Realty - Andover, Mei Zhou

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its 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.