82 S Broadway, Lawrence, MA, 01843
45 rooms
38 beds
7 Full baths
1900
17,706 sqft
This 41-unit mixed-use building consists of (3) commercial units and (38) SRO (single room occupancy) units. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. This asset is well-maintained, featuring a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed in the past 3 years. The property is well-positioned on the south side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (0.6 miles). The property is walkable to local retail establishments, eateries, grocery stores, and parks. The cap rate upon acquisition is 9.30%. Seller will consider other property in trade to help accommodate a 1031 exchange.
Status:
Active
Type:
Multi-family
Units:
41
Zoning:
B2
Basement:
Full
Levels:
3
Acreage:
0.16
Est. Taxes:
$26,240
Assessment
$2,342,400
Construction
Brick
Lot Description:
Level
Amenities:
Public Transportation, Shopping, Public School, T-Station
MLS #:
73454121
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Bradford Carlson, New England Realty Advisors LLC 781-334-8044