North Reading Realtors |Real Estate Offices in Wilmington | No. Andover, Tewksbury | No. Reading M

210 Water Street, Lawrence, MA 01841  

Multi-Family
$725,000
Price
5
Units
5,676
Approx. GLA
De-Leaded 5 Unit Apartment building. Upgraded Kitchens with recess lighting and newer heating systems. Great tenants 7.5% Cap rate with plenty of upside to 10+ cap rate short term. ALL TAW except 1 lease to August 2022. Group showing Sunday afternoon by appointment only.
Open House
No scheduled Open Houses
Highlights
Terms: Contract for Deed
Basement Features: Full, Bulkhead, Dirt Floor, Concrete Floor, Unfinished Basement, Exterior Access
List Price: $725,000
Type: Multi-Family
Multi-Family Type: 5+ Family - 5+ Units Side by Side
Status: New
Beds: 11
Baths: 6
Half Baths: 1
Units: 5
Year Built: 1925
Year Round: Yes
Approx. GLA: 5,676
MLS#: 72933953
 
Interior
Basement: Yes
Electricity Cost: $840
Electric Features: Circuit Breakers, Individually Metered
Heating Units: 5
Heating Zones: 5
Hot Water: Natural Gas
Rooms: 19
Lead Paint: Certified Treated
Total Floors: 3
Exterior
Water: No
Facing: Unknown
Acres: 0.10
Lot Size: 4,192.00
Lot Description: Corner, Cleared, Level
Foundation: Fieldstone
Parking Spaces: 5
Parking Features: Off-Street, Assigned
Road Type: Public, Paved, Publicly Maint., Sidewalk
Color: White
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles
Exterior: Vinyl
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $555,600
Taxes: $6,817
Tax Year: 2021
Book/Page: 10396/248
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $64,800
Gross Expenses: $11,617
Net Income: $54,383
Insurance Cost: $7,213
R&M Cost: $1,500
Sewer Cost: $1,032
Water Cost: $1,032
 
Additional
Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Public School, T-Station
Disclosure Declaration: No
Disclosure: Tenants take care of own snow removal.
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 No 1 $1,000
Unit 2 5 3 0 2 2 0 No 2 $1,300
Unit 3 3 1 0 1 1 0 1 $1,000
Unit 4 4 1 0 1 1 0 No 1 $900
Units Extras
Unit 1
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Washer & Dryer Hookup, Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Bathroom With Tub, Hardwood Floors, Wall to Wall Carpet, Cable TV Available, Storage  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Washer & Dryer Hookup, Range, Disposal, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Hardwood Floors, Upgraded Countertops  Rooms:  Living Room, Kitchen 
Unit 3
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Washer & Dryer Hookup, Range, Dishwasher, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Cable TV Available, Storage  Rooms:  Living Room, Kitchen 
Unit 4
Rent Includes:  Water  Cooling:  Window AC  Applicances:  Washer & Dryer Hookup, Range, Disposal, Refrigerator  Heating:  Hot Water Baseboard, Gas  Interior:  Wood Flooring, Cable TV Available  Rooms:  Living Room, Kitchen, Office/Den 
Map
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The listing office is RE/MAX Renaissance Inc. and the listing agent is John E. Magazzu. 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 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 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. and it's 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. The data was last modified on 1/16/2022 10:00:00 PM.
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