35-37 Falmouth Street

Lawrence, MA 01843

$1,200,000
Price
12
Beds
6
Baths
4,620 Sq. Ft.
$260 / Sq. Ft.
4,620
Sq. Ft.
$260
per Sq. Ft.

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...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.
  1. Listed by Jack Mantville • J. Borstell Real Estate, Inc.

Property Details for 35-37 Falmouth Street

Town
Lawrence
Area
MA-Lawrence
Garage Spaces
0
Parking Spaces
10.00
Parking Spaces Total
10

Location

Listing Courtesy of J. Borstell Real Estate, Inc., Jack Mantville
Add your commute
LISTING UPDATED: 04/18/2024 09:04 AM

Property Details for 35-37 Falmouth Street

StatusContingent
MLS #73217929
Days on Market17
Taxes$8,213 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1920
CountyEssex County

Location

Listing Courtesy of J. Borstell Real Estate, Inc., Jack Mantville
Add your commute

Building Information for 35-37 Falmouth Street

Stories9Residences6Year Built1920Building Size-Lot Size0.13 AC / 5,460 SF

Payment Calculator

$7,233 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$684

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 35-37 Falmouth Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, Public School, T-Station
  • Living Area: 4620.0
  • SqFt with Basement: No
  • Total Units: 6
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Microwave, Refrigerator, Freezer
  • Basement Features: Unfinished Basement
  • Num of Baths: 6.0
  • Num of Full Baths: 6
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 6
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl, Varies, Hardwood
  • Interior Features: Kitchen, Living RM/Dining RM Combo
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Lot Description: Level
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Individually Metered
  • Heating: Baseboard, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Tax ID: M:0079 B:0000 L:0003,4202244
  • Assessments: $887,900
  • Book: 17897
  • Tax Year: 2024
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $650.00
  • Annual Expenses Source: Owner
  • GOI: $126,600.00
  • Gross Scheduled Income: $4,700.00
  • Insurance: $5,200.00
  • GRE: $13,550
  • HTE: $0
  • RFS: $0
  • NOI: $113,050.00
  • Operating Expense: $13,550.00
  • WSE: $3,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,550.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 0

Property History for 35-37 Falmouth Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 35-37 Falmouth Street

Taxable ValueLand$114,800Additions$773,100Total$887,900
Tax Record2024$8,213 ($684 / month)
Home Facts
Baths6Total Finished SqFt4,620 SqFtAbove Grade Finished SqFt4,620 SqFtStories3Lot Size5,460 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyESSEXAPNLAWR M:0079 B:0000 L:0003

Schools near 35-37 Falmouth Street

This home is within Lawrence School District.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 1 to 12
Public - 6 to 8
Public - 5 to 8
Rating
School
Distance
South Lawrence East Elementary School
Public1 to 5

School For Exceptional Studies
Public1 to 12

Spark Academy
Public6 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of J. Borstell Real Estate, Inc., Jack Mantville

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.