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Century 21 North East
172-174 Park St, Lawrence, MA, MA 01841
Listing Courtesy of : Kim Mulligan ---- Realty Direct Somerville
- $1,235,000
- 12
- BD
- 4
- BA
- 4,678
- SqFt
- List Price
- $1,235,000
- Price Change
- ▼ $14,000 1793548975
- Status
- PRICE CHANGED
- MLS#
- 73555467
- Bedrooms
- 12
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 4,678
- Lot Size (Acres)
- 0.16
- Year Built
- 1910
Property Description
Fully occupied legal 4-family offering immediate rental income. This well-maintained Lawrence multifamily currently generates $8,400 monthly in gross rental income, plus additional income from coin-operated laundry. Each of the four spacious apartments features 3 bedrooms, offering a total of 12 bedrooms and 4 full baths. Building improvements include a certified fire sprinkler system, replacement windows, vinyl siding, individual gas heating systems, and separately metered gas and electric. Common basement amenities include coin-operated laundry, mechanical space, and tenant storage. Outside, enjoy a fenced yard with garden area and fruit trees, storage shed, one-car garage, and generous off-street parking for 8+ vehicles. All four units are occupied by tenants-at-will, providing established rental income with potential for rental increases. Conveniently located near shopping, transportation, and major commuter routes.An excellent opportunity to acquire an established and clean income-producing property with strong existing revenue and additional upside!
Additional Information
- Taxes
- $7,404
- Interior Features
- Laundry Room, Ceiling Fan(s), Kitchen, Living RM/Dining RM Combo
- Parking Description
- Paved Drive, Off Street, Paved
- Parking Features
- Paved Drive, Off Street, Paved
- Parking Spaces
- 11
- Water Source
- Public
- Lot Description
- Level
- Heat Zones
- 4
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- John K. Tarbox School
- Middle School
- Arlington Middle School
- High School
- Lawrence High School
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. 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, leasing or renting 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, leasing or renting. MLS Property Information Network, Inc. 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.