81-85 South Broadway

Lawrence, MA 01843

$550,000
Last Sold Price
12
Beds
4
Baths
1
1/2 Bath
4,371 Sq. Ft.
$126 / Sq. Ft.
4,371
Sq. Ft.
$126
per Sq. Ft.

Description

South Lawrence! Mixed use five unit building. One large retail store with great corner exposure right on route 28. Plenty of off street parking. Owner is just finishing total renovation of four apartments on second and third floors. Building is fully sprinklered. 5 new forced hot water gas heating systems and hot water tanks. Two (2) bedroom and two (4) bedroom apartments. Projected gross rent is $75,360.00 per year. No capital improvements to make for many years. Newly paved parking lot. Apartments...South Lawrence! Mixed use five unit building. One large retail store with great corner exposure right on route 28. Plenty of off street parking. Owner is just finishing total renovation of four apartments on second and third floors. Building is fully sprinklered. 5 new forced hot water gas heating systems and hot water tanks. Two (2) bedroom and two (4) bedroom apartments. Projected gross rent is $75,360.00 per year. No capital improvements to make for many years. Newly paved parking lot. Apartments are presently vacant and easy to show. We have a waiting list of potential tenants. Tenants pay for their own utilities. Seller can deliver the property fully occupied with last month rent and security deposit for each tenant. Retail space is currently under market rented for $1,500.00 lease ends November 30, 2016. Large unfinished basement. Room for coin-op laundry. All new kitchens and baths. Seller may take smaller or larger property in trade.
  1. Listed by Joseph Lilly • Sky Realty, LLC

Property Details for 81-85 South Broadway

Town
Lawrence
MLS Area
South Lawrence
Area
MA-Lawrence-South Lawrence, MA-Lawrence
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8

Location

Listing Courtesy of Sky Realty, LLC, Joseph Lilly

Sold By Century 21 North East, Michelle Fermin

Add your commute
LISTING UPDATED: 08/06/2022 06:31 AM

Property Details for 81-85 South Broadway

StatusSold
MLS #72054060
Days on Market53
Taxes$3,563 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1900
CountyEssex County

Location

Listing Courtesy of Sky Realty, LLC, Joseph Lilly

Sold By Century 21 North East, Michelle Fermin

Add your commute

Building Information for 81-85 South Broadway

Stories11Residences5Year Built1900Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$3,298 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$297

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 81-85 South Broadway

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 4371.0
  • Color: Beige
  • Total Units: 5
  • Property Condition: Unit 1 Remodeled, Unit 2 Remodeled, Unit 3 Remodeled, Unit 4 Remodeled
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Microwave, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Utility Connections for Electric Range
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Num of Baths: 5.0
  • Num of Full Baths: 4
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 4.50
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Vinyl, Laminate
  • Interior Features: Unit 1(Bathroom With Tub), Unit 2(Bathroom With Tub), Unit 3(Bathroom With Tub), Unit 4(Bathroom With Tub), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Window Features: Screens
Exterior Features
  • Construction: Frame
  • Exterior Features: Sprinkler System
  • Exterior Features: Screens, Sprinkler System
  • Lot Description: Corner Lot, Level
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Cooling: No
  • Heating: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Unit 3(Hot Water Baseboard, Unit 4(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Listing agent is related to seller. Apartment rents are projected and not presently in place. Assessment is prior to renovations.
Tax Information
  • Tax ID: M:0121 B:0000 L:0027,4205625
  • Assessments: $229,700
  • Book: 14240
  • Tax Year: 2016
  • Zoning: Mixed
Building / Association Information
Living Characteristics
  • Beds Total: 12
  • Total Living Levels: 11
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 5
  • Heat Zones: 5
Income / Expenses
  • GOI: $75,360.00
  • NOI: $75,360.00
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $6,280.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 81-85 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 81-85 South Broadway

Taxable ValueLand$171,200Additions$473,700Total$644,900
Home Facts
Baths2Total Finished SqFt4,371 SqFtAbove Grade Finished SqFt4,371 SqFtStories3Lot Size5,000 SqFtStyleOffice BuildingYear Built1900CountyESSEXAPNLAWR M:0121 B:0000 L:0027

Schools near 81-85 South Broadway

This home is within Lawrence School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 1 to 12
Public - 5 to 8
Public - 5 to 8
Rating
School
Distance
Emily G Wetherbee
PublicK to 8

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 Sky Realty, LLC, Joseph Lilly

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.