51-55 Loring Street

Lawrence, MA 01843

$815,000
Last Sold Price
7
Beds
5
Baths
4,643 Sq. Ft.
$176 / Sq. Ft.
4,643
Sq. Ft.
$176
per Sq. Ft.

Description

Investors take note! Rare opportunity to own a 5 family conveniently located off of 495 on the Lawrence/North Andover line. 4 units are rented and will be conveyed occupied (TAW) and there's also 1 top floor 2 + br unit was recently refreshed and is ready for a tenant or an onsite landlord/owner! The gas heating systems AND water heaters were all recently replaced in the last few years, are all separated per unit and the electric meters are all on a per unit basis as well! Vinyl siding and roofing...Investors take note! Rare opportunity to own a 5 family conveniently located off of 495 on the Lawrence/North Andover line. 4 units are rented and will be conveyed occupied (TAW) and there's also 1 top floor 2 + br unit was recently refreshed and is ready for a tenant or an onsite landlord/owner! The gas heating systems AND water heaters were all recently replaced in the last few years, are all separated per unit and the electric meters are all on a per unit basis as well! Vinyl siding and roofing replaced in the last few years too! Separate 3 car garage could possibly be used as $$ storage for additional tenant revenue and off street parking for AT LEAST 10 vehicles is just an added bonus at this gem. Yard space galore here too, a rarity! Easy to show, schedule your showing today!
  1. Listed by Robert Mignogna • Trusted Source Realty Group

Property Details for 51-55 Loring Street

Town
Lawrence
Area
MA-Lawrence
Garage Spaces
3
Parking Spaces
15.00
Parking Spaces Total
18

Location

Listing Courtesy of Trusted Source Realty Group, Robert Mignogna

Sold By Trusted Source Realty Group, Robert Mignogna

Add your commute
LISTING UPDATED: 09/27/2022 04:32 PM

Property Details for 51-55 Loring Street

StatusSold
MLS #73015193
Days on Market23
Taxes$6,862 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Side by Side
Year Built1895
CountyEssex County

Location

Listing Courtesy of Trusted Source Realty Group, Robert Mignogna

Sold By Trusted Source Realty Group, Robert Mignogna

Add your commute

Building Information for 51-55 Loring Street

Stories9Residences5Year Built1895Building Size-Lot Size0.20 AC / 8,760 SF

Payment Calculator

$5,020 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,448

Property Taxes

$572

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 51-55 Loring Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation
  • Current Financing: Conv. Fixed
  • Living Area: 4643.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Approximate,Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement Features: Interior Access, Unfinished Basement
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Vinyl, Hardwood
  • Interior Features: Sunroom
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch - Enclosed, Patio
  • Lot Description: Corner Lot, Level
  • Patio And Porch Features: Enclosed, Patio
  • Roof Material: Asphalt/Composition Shingles
  • View: City View(s)
  • View: Yes
Parking Features
  • Covered Spaces: 3.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: None
  • Cooling: No
  • Heating: Baseboard, Natural Gas
  • 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
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:0044 B:0000 L:0001,4200003
  • Assessments: $599,800
  • Book: 12308
  • Tax Year: 2022
  • Zoning: 000000000
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 5
Income / Expenses
  • Annual Expenses Source: Accountant
  • GOI: $57,600.00
  • NOI: $57,600.00
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: $3,500.00

Property History for 51-55 Loring 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 51-55 Loring Street

Taxable ValueLand$135,600Additions$648,200Total$783,800
Tax Record2024$7,250 ($604 / month)
Home Facts
Baths5Total Finished SqFt4,643 SqFtAbove Grade Finished SqFt4,643 SqFtStories3Lot Size8,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1895CountyESSEXAPNLAWR M:0044 B:0000 L:0001

Schools near 51-55 Loring 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.

Similar Homes

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Similar Sold Homes

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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 Trusted Source Realty Group, Robert Mignogna

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.