Property Description

7 Forest St contains a total of six (6) residential units comprised of three (3), 1-Bedroom/1-Bathroom units, two (2), 1+ Bedroom/1-Bathroom units, and one (1) Studio unit with 3,100 square feet of living area in 5,458 gross square feet on a 0.15-acre parcel of land. The property features separately metered heat, hot water, and electricity for 5 of the units. The units have below-market residential rents, the opportunity exists to increase the rents to market rates in an urban-infill, high demand, supply-constrained residential market increasing the income of the Property. The property has a current cap rate of 8.00%.

Features

Swimming Pool : No

Heating System : No

Cooling System : No

Basement : No

Pet Policy : No

Fireplace : No

Security : No

Parking : No

Amenities : No

Appliances : No

Construction : No

Exterior Unit Features : No

Flooring : No

Sewer : Public Sewer

Style : No

Water : Public

Disclosure : No

Electric Feature : No

Garage Parking : No

Interior Features : No

Lead Paint : Unknown

Waterview Features : No

Opt Fee Includes : No

Laundry Features : No

Road Type : No

Gas : No

Rent Fee Includes : No

Deposit Reqd : No

Insurance Reqd : No

Last Mon Reqd : No

References Reqd : No

First Mon Reqd : No

Available now : No

Additional Information

Parking Spaces : 1

Tax Year : 2024

Status : Active

Price Per Sqft : $282

Zoning : 14

No Units : 6

Orig Price : $875,000

LEASE_TYPE : No

LEASE : Yes

Waterfront : No

MlsStatus : New

Address Map

City : Lawrence

State : Massachusetts

County : Essex

Postal Code : 01841

Longitude : W72° 49' 22.5''

Latitude : N42° 42' 24''

Google Map

Residential Income

7 Forest St, Lawrence, Massachusetts

5 Bedrooms

6 Bathrooms

6,725 Sqft

$875,000

Listing ID #73315326

Basic Details

Property Type : Residential Income

Listing Type : For Sale

Price : $875,000

Bedrooms : 5

Rooms : 17

Bathrooms : 6

Square Footage : 6,725 Sqft

Year Built : 1865

Lot Area : 0.15 Acre

Listing ID : 73315326

BathroomsFull : 6

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Agent info

srobb@robbenterprises.com

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The property listing data and information 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 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 its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.