MA
Essex
Lawrence
01841
102-114 Water ST
102-114 Water ST, Lawrence, MA 01841
Share Listing
Listing Type
Multi Family
Listing Status
Active
18
$5,600,000

Home Details for 102-114 Water ST

Price
$5,600,000
Type
Residential Income
Bedrooms
27
Total Bathrooms
27
Full Bathrooms
27
Square feet
27583
Year built
1900
Lot size acres
0.44
County
Essex
Total rooms
99
Basement
Full
MLS Listing#
73562010
Property Description

We are pleased to present the Jordan Court Apartments for sale, located at 102-114 Water Street in Lawrence, MA. This 27-unit multifamily property consists of four buildings on the same 0.44-acre lot totaling 27,583 SF, built in 1900 and renovated in 2024. The unit mix consists of (20) three-bedroom, (2) four-bedroom, (3) one-bedroom, and (2) studio units. The property is conveniently located close to downtown Lawrence, I93, I495 and the Lawrence MBTA Station. The property is equipped with off-street parking, tenant-paid utilities, and seven out of the 27 units have been fully renovated. Investors have the opportunity to add value by increasing rents to market value through minor cosmetic renovations. This asset is a great addition to any investor's real estate portfolio with high cash-on-cash returns on day 1. All interested parties will have the opportunity to obtain additional information upon request. Request Offering Memo from listing agent. 8.02% cap rate, 9.54% pro forma cap rate.

Property Features
  • Parking
    • Off Street
    • On Street
  • Heating Information
    • Baseboard
  • Water Features
    • Public
  • Basement
    • Full
Listing Courtesy: New England Realty Advisors LLC - 781-334-8044
Presented by: Bradford Carlson
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EXIT PREMIER REAL ESTATE
85 Wilmington Road, Burlington, MA 01803
Office
781 270 4770
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