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128 Marston Street Lawrence, MA 01841
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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,384 sqft
Price per Sqft $164
MLS Listing ID 72859479
Bedrooms 11
Full Baths 6
Year Built 1987
Annual Tax Amount $7,470
Tax Year 2021
Lot Size 0.290 Acres
Property Sub-Type 5-9 Family
Property Description
MULTIPLE OFFERS BEING REVIEWED - INVESTOR ALERT! Rare opportunity to own a 6 UNIT residential apartment building built in 1987 with plenty of off street parking for all units. Fully rented with leases in place through October 2021. The building has 3 levels of six 850 sq foot residential apartments in addition to a walkup attic for potential secure tenant storage. There is also a coin-op laundry room for tenant use. The apartments consist of 5 four room, 2 bedroom and 1 bath units and 1 three room, 1 bedroom and 1 bath unit. The roof, siding and boiler are less than 10 years old and the hot water heater is less then 3 years old. Vinyl replacement windows. Heat and hot water are included in the rent. Separately metered electric and built in wall AC's in each unit. Projected rent is $1700 per 2 bedroom unit and $1500 for the 1 bedroom unit.
Location
State MA
County Essex
Zoning R2
Interior
Cooling Unit 1(Wall AC), Unit 2(Wall AC), Unit 3(Wall AC), Unit 4(Wall AC)
Flooring Vinyl, Carpet
Laundry Laundry Room
Exterior
Community Features Public Transportation, Medical Facility, Highway Access
View Y/N Yes
View City View(s)
Roof Type Shingle
Building
Lot Description Corner Lot, Level
Story 11
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Read Less
Bought with Mark Bishop • RE/MAX Insight
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