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174 Park St
Lawrence, MA 01841 North Lawrence

$1,300,000 USD

Apartments For Sale  •  6,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,400 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1910
  • Zoning B1
30 Transit Score
90 Walk Score

Highlights

Estimated Stabilized Gross Income: $105,600
Effective Year Built: 2010
Extended Lot with 8+ Off-street Parking with an additional One Car garage.
COMPLIANCE RISK ELIMINATED: Central Fire Sprinkler System removes the single largest structural liability facing multi-fam investors in older markets
IMMEDIATE UPSIDE VALUE: $2650/month in untapped rental spread can be captured systematically due to 100% Tenancy At Will.
UTILITY INSULATION: separate gas and electricity meters protect landlord net operating income from tenant utility usage spikes.

Amenities

  • Fenced Lot
  • Laundry Facilities
  • Storage Space
  • Washer/Dryer
  • Sprinkler System
  • Walk-In Closets
  • Yard
  • Basement
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
Lawrence (Haverhill Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 4 min - 1.7 mi
Andover (Haverhill Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 9 min - 4.6 mi
AirportDriveWalkDistance
Manchester Boston Regional 39 min - 25.3 mi
General Edward Lawrence Logan International 44 min - 31.5 mi
Portsmouth International at Pease 50 min - 38.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Kim Mulligan 508-493-1090 Realty Direct Somerville
Kim Mulligan 508-493-1090 Realty Direct Somerville