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130-142 South Union St

Lawrence, MA 01843
  • $2,250,000
  • STATUS: Active
  • MLS #: 72887936
UPDATED: 56 min ago
$2,250,000
  • 17
    BEDS
  • 0.18
    ACRES
  • 10
    BATHS
  • 5
    1/2 BATHS
  • 16,602
    SQFT
  • $136
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

Listing courtesy of Joseph Lilly of Sky Realty, Llc.

Description

Huge South Lawrence, mixed use building, 15 total units. 10 residential apartments and five retail stores. Residential apartments consists of 8 two bedrooms, 1 one bedroom & 1 studio. Six of the ten units have been updated. Individual hot water tanks are approximately two years old and high efficiency. Units are rented significantly below market. High traffic location is great for retail. Large corner retail store has excellent visibility. Are you a buyer which keeps getting their offer refused because they want to sell their property and 1031 the proceeds into another property? The seller will purchase a buyer's present building to make the exchange a seamless transaction. Property has frontage on Bailey and South Union Streets. Rent roll and expenses attached. Please do not disturb retail tenants.

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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. Data last updated 2021-12-05T20:08:00.23.
www.parrottrealtygroup.com/homes/120943120
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130-142 South Union St Lawrence, MA 01843

  • Price: $2,250,000
  • Status: Active
  • On Site: Days
  • Updated: 56 min ago
  • MLS #: 72887936
17
Beds
10
Baths
5
½ Baths
0.18
Acres
16,602
SQFT
$136
$/SQFT
1900
Built
Neighborhood:
South Lawrence
County:
Essex
Area:
South Lawrence
Property Description
Huge South Lawrence, mixed use building, 15 total units. 10 residential apartments and five retail stores. Residential apartments consists of 8 two bedrooms, 1 one bedroom & 1 studio. Six of the ten units have been updated. Individual hot water tanks are approximately two years old and high efficiency. Units are rented significantly below market. High traffic location is great for retail. Large corner retail store has excellent visibility. Are you a buyer which keeps getting their offer refused because they want to sell their property and 1031 the proceeds into another property? The seller will purchase a buyer's present building to make the exchange a seamless transaction. Property has frontage on Bailey and South Union Streets. Rent roll and expenses attached. Please do not disturb retail tenants.
Exterior Features

Beachfront No Color Beige Construction Frame Exterior Vinyl Foundation Fieldstone Lot Description Corner Parking Features Off-Street Parking Spaces 2 Road Type PublicPaved Roof Material Rubber Waterfront Flag No Waterview Flag No

Interior Features

Basement Yes Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Fireplaces Unit3 0 Fireplaces Unit4 0 Floors Unit1 2 Floors Unit2 2 Floors Unit3 2 Floors Unit4 2 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Units 1 Heat Zones 6 Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 20 Rooms Unit1 4 Rooms Unit2 4 Rooms Unit3 4 Rooms Unit4 4

Property Features

Amenities Public TransportationShoppingPark Apod Available Yes Assessments 686000.00 Disclosure No Disclosures La is Related To Manager Of Llc. Rent Roll And Expenses Attached. Expenses Source Owner Provided Gross Operating Income 208320 Lead Paint Unknown Lease Unit1 N Lease Unit2 N Lender Owned No Multifamily Type 5+ Family - 5+ Units Up/Down Net Operating Income 148585 Rent Unit1 1395 Rent Unit2 1350 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Source Public Record Tax Year 2021 Taxes 11303.00 Utility Connections For Gas Range Water City/Town Water Year Built Description Approximate Year Built Source Public Record Year Round Yes Zoning B2

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Joseph Lilly of Sky Realty, Llc.


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. Data last updated 2021-12-05T20:08:00.23.
 
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Listing courtesy of Joseph Lilly of Sky Realty, Llc.