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Lawrence, MA 01843 350 South Broadway

$1,200,000

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Presented By: Charles McMahon with Berkshire Hathaway HomeServices Verani Realty.
  • MLS# 73201130
  • 02/09/2024
  • Request Tour
  • Request Info
  • Beds • 8
  • Full/Half Baths • 5 / 2
  • SQFT • 4,052

Home Details

Welcome to this unique investment opportunity - a 5-unit multi-family home currently utilized as a 4-unit gem! Situated in a convenient location, this property is a canvas awaiting your transformative touch!! The exterior needs some TLC offering an ideal project for the savvy investor. Inside discover the updated heating systems ensuring comfort and efficiency. The units boast a mix of modernization, with a spacious 3 bedroom, two inviting 2 bedroom apartments, and a cozy 1 bedroom retreat. Each unit offers a comfortable living space embracing a balance of functionality and charm. The outside offers ample parking - a luxury - plus a foundation for another building with garage space below plus a storage shed.This property stands as a promising investment opportunity, combining the appeal of a multi-family home with the potential for value appreciation!! *****24 Hour Notice to show required****
Presented By: Charles McMahon with Berkshire Hathaway HomeServices Verani Realty.

Interior Features for 350 South Broadway

Bedrooms

Total Bedrooms8

Bathrooms

Half Baths2
Total Baths7

Other Interior Features

BasementFull, Partially Finished
Fireplace FeaturesWood Burning
Fireplace Y/NYes
FlooringWood, Tile, Varies, Hardwood, Carpet
Heating Y/NYes
Total Fireplaces1
Total Stories6

General for 350 South Broadway

AppliancesRange, Dishwasher, Refrigerator, Washer, Dryer
Building Area UnitsSquare Feet
CityLawrence
Community FeaturesPublic Transportation, Shopping, Park, Highway Access
Construction MaterialsFrame
CountyEssex
DirectionsGPS
Electric Expense220
Elementary SchoolLawrence
Full Baths5
Garage Spaces
Garage Y/NNo
Gross Income40800
HeatingNatural Gas
High SchoolLawrence
Home Warranty Y/NNo
Insurance Expense6766
Interior FeaturesCathedral/Vaulted Ceilings, Bathroom With Tub, Internet Available - Unknown, Kitchen, Family Room, Laundry Room, Living RM/Dining RM Combo, Dining Room, Living Room
Lot Size Square Feet0.5
Lot Size UnitsAcres
MLS AreaSouth Lawrence
Middle/Junior High SchoolLawrence
Net Operating Income26047
NumberOfUnitsTotal4
Operating Expense14753
Other StructuresShed(s)
Patio/Porch FeaturesPorch
Property SubType4 Family - 4 Units Up/Down
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Sub-Agency Relationship OfferedNo
Tax Annual Amount4900
Tax Assessed Value710000
Tax Lot53
Tax Year2023
Total Actual Rent0
Total Rooms22
Utilitiesfor Electric Range
Water Sewer Expense1847
Waterfront Y/NNo
Year Built1880
Year Built DetailsActual, Renovated Since
Year Built SourcePublic Records
ZoningMDL-03

Exterior for 350 South Broadway

Building Area Total4052
Covered Spaces
Foundation DetailsStone
Lot Size Acres
Lot Size Area
Open Parking Y/NYes
Parking FeaturesPaved Drive, Off Street
Road Frontage TypePublic
SpaNo
Total Parking2
Water SourcePublic

Additional Details

Price History

Schools

High School Lawrence High School
Middle School Lawrence Middle School
Elementary School Lawrence Elementary School

Fatima Simas

Price $1,200,000
MLS#73201130
List Date 02/09/2024
Property Type Multi-Family
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