MA
Essex
Lawrence
01843
82 S Broadway
82 S Broadway, Lawrence, MA 01843
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Listing Type
Multi Family
Listing Status
active
24
$3,200,000

Home Details for 82 S Broadway

Price
$3,200,000
Type
Residential Income
Bedrooms
38
Bathrooms
7.0
Square feet
17706
Year built
1900
Lot size acres
0.16
County
Essex
Total rooms
45
Garage
Basement
Full
Days on site
0
MLS Listing#
73454121
Property Description

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.

Property Features
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: New England Realty Advisors LLC - 781-334-8044
Presented by: Bradford Carlson
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Market statistics compiled from data from Massachusetts Association of REALTORS.
EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Brenda Cahoon
License #: 9049354
REALTOR®, MAR
Office
781 270 4770
Agent
781 910 5770
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