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81 85 South Broadway

Lawrence, MA 01843

12 beds
5 baths
4,371 sqft
5,000 sqft lot
$125 per sqft
1900 build
– on site

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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.

Listing courtesy of MLSPIN

Last checked: Checking… • Last updated Oct 15, 2024 •

MLS# 72054060 —

The Building

Year Built:

1900
Year Built Details:

Approximate
Year Built Source:

Public Records
Construction Materials:

Frame
Roof:

Rubber
Basement:

Full
Foundation Details:

Stone
Exterior Features:

Sprinkler System
Window Features:

Screens
Stories Total:

11
# of Units Total:

5
Building Area Total:

4371
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

21
Flooring:

Tile, Vinyl, Laminate
Fireplace:

false

Room Dimensions

Living Area:

4371

Location

Directions:

Route 28 is South Broadway at corner of Crosby Street.
Latitude:

42.697483
Longitude:

-71.163887

The Property

Parcel Number:

M:0121 B:0000 L:0027,4205625
Property Type:

Residential Income
Property Subtype:

5-9 Family
Lot Features:

Corner Lot
Lot Size Units:

Acres
Lot Size Area:

0.11
Lot Size SqFt:

5000
Lot Size Acres:

0.11
Zoning:

Mixed
Water View:

No
Waterfront:

false
Farm Land Area Units:

Square Feet
Road Frontage Type:

Public

Listing Agent

Contact info:

Taxes

Tax Year:

2016
Tax Book Number:

14240
Tax Annual Amount:

3562.64
Tax Assessed Value:

229700

Beds

Bedrooms Total:

12

Baths

Total Baths:

4.5
Total Baths:

5
Full Baths:

4
Half Baths:

1

The Listing

Sub Agency Relationship Offered:

No

Heating & Cooling

Heating:

true
Cooling:

false

Utilities

Utilities:

for Electric Range
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Unit 1(Range,Microwave,Refrigerator), Unit 2(Range,Microwave,Refrigerator), Unit 3(Range,Microwave,Refrigerator), Unit 4(Range,Microwave,Refrigerator), Gas Water Heater, Utility Connections for Electric Range

The Community

Community Features:

Public Transportation

Parking

Garage:

false
Parking Total:

8
Parking Features:

Paved Drive
Open Parking:

true

Explore the Area

My Commute

From

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

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Sale history

Date	Source	Price	% Change
10/31/24 Oct 31, 2024	MLSPIN	$1,380,000	6.2%
9/12/24 Sep 12, 2024	MLSPIN	$1,300,000
9/10/24 Sep 10, 2024	MLSPIN	$1,300,000	136.4% (17.4% / YR)

Multifamily Sold on 11/9/2016

$550,000

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Listing Courtesy of: MLSPIN and .

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

81 85 South Broadway

Lawrence, MA 01843