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.
- Basement:
- Full
- Construction:
- Brick
- Sewer:
- Public Sewer
- Water:
- Public
- Garage Parking
- Lead Paint:
- Unknown
- Road Type:
- Paved
- Market Time:
- 4
- Tax Year:
- 2025
- Status:
- Active
- Price Per Sqft:
- $181
- Zoning:
- B2
- No Units:
- 41
- Orig Price:
- $3,200,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Active
- City:
- Lawrence
- State:
- MA
- County:
- Essex
- Postal Code:
- 01843
- Longitude:
- W72° 50' 11.4''
- Latitude:
- N42° 41' 51.6''
Residential Income
82 S Broadway, Lawrence, Massachusetts
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $3,200,000
- Bedrooms :
- 38
- Rooms :
- 45
- Total Bathrooms :
- 7
- Full Bathrooms :
- 7
- Square Footage :
- 17,706 Sqft
- Year Built :
- 1900
- Lot Area :
- 0.16 Acre
- Listing ID :
- 73454121
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com