350 South Broadway

Lawrence, MA 01843

$1,200,000
Price
8
Beds
5
Baths
2
1/2 Baths
4,052 Sq. Ft.
$296 / Sq. Ft.
4,052
Sq. Ft.
$296
per Sq. Ft.

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...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
  1. Listed by Charles McMahon • Berkshire Hathaway HomeServices Verani Realty

Property Details for 350 South Broadway

Town
Lawrence
MLS Area
South Lawrence
Area
MA-Lawrence-South Lawrence, MA-Lawrence
Garage Spaces
0
Parking Spaces
2.00
Parking Spaces Total
2

Location

Listing Courtesy of Berkshire Hathaway HomeServices Verani Realty, Charles McMahon
Add your commute
LISTING UPDATED: 03/23/2024 03:32 AM

Property Details for 350 South Broadway

StatusActive
MLS #73201130
Days on Market79
Taxes$4,900 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Up/Down
Year Built1880
CountyEssex County

Location

Listing Courtesy of Berkshire Hathaway HomeServices Verani Realty, Charles McMahon
Add your commute

Building Information for 350 South Broadway

Stories6Residences4Year Built1880Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$6,957 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$408

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 350 South Broadway

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access
  • Living Area: 4052.0
  • Color: Cream
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual,Renovated Since
  • Year Built Source: Public Records
Location/School
  • Grade School: Lawrence
  • High School: Lawrence
  • Middle School: Lawrence
Features
Interior Features
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement Features: Full, Partially Finished
  • Num of Baths: 7.0
  • Num of Full Baths: 5
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 7
  • FireplaceFeatures: Wood Burning
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Wood, Tile, Varies, Hardwood, Carpet
  • 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
  • Interior Features: Internet Available - Unknown
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Other Structures: Shed(s)
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
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
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
Tax Information
  • Tax ID: 4403,4203805
  • Assessments: $710,000
  • Book: 15623
  • Lot: 53
  • Map: 97
  • Tax Year: 2023
  • Zoning: MDL-03
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 4
Income / Expenses
  • Electricity: $220.00
  • Annual Expenses Source: Owner
  • GOI: $40,800.00
  • Gross Scheduled Income: $.00
  • Insurance: $6,766.00
  • GRE: $14,753
  • HTE: $0
  • MGF: $0
  • MSE: $3,420
  • RME: $2,500
  • NOI: $26,047.00
  • Operating Expense: $14,753.00
  • WSE: $1,847.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 3
Unit 3 Description
  • Floor U3: 2
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 350 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 350 South Broadway

Taxable ValueLand$249,500Additions$461,400Total$710,900
Tax Record2024$6,576 ($548 / month)
Home Facts
Baths5Total Finished SqFt4,052 SqFtAbove Grade Finished SqFt4,052 SqFtStories2Lot Size21,950 SqFtStyleMulti-Family Res (5+ Units)Year Built1880CountyESSEXAPNLAWR M:0097 B:0000 L:0053

Schools near 350 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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350 South Broadway is a multi-family home for sale in Lawrence, MA 01843. This property was listed for sale on February 9, 2024 by Berkshire Hathaway HomeServices Verani Realty, it's currently listed at $1,200,000. This listing's school district is Lawrence School District. Nearby schools include Robert Frost, School For Exceptional Studies and Parthum Middle School. 350 South Broadway is a 8-bed, 6-bath, 4,052 sqft multi-family home built in 1880.

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 Berkshire Hathaway HomeServices Verani Realty, Charles McMahon

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.