Welcome to this fantastic four unit property in the heart of Lawrence MA, (Tower Hill area), where value add and cash flow opportunities abound! This well maintained multifamily presents an ideal investment opportunity for both owner occupants and passive income seekers. Each of the four units provide ample space for comfortable living. With a convenient location and strong rental demand, this property offers great income potential for investors. The units are well suited for value add improvements and current rents are well below market, allowing owners to enhance the property's appeal and maximize rental income. Bonus space in Attic, see pictures. Buyer and buyer's agent to do their own due diligence.
Sale Statistics
Sale Overview
Original List Price:$844,987
Final Sale Price:$870,000
Difference:
+$25,013 (+3.0%)
Performance Metrics
103.0%
List to Sale Ratio
Sold above asking price
27
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$209
Sale $/sq ft:$215
This property sold for $215 per square foot
Sale Summary
This property sold for 3.0% above the original asking price, indicating strong buyer demand.
With only 27 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
4 Family - 4 Units Up/Down
Property Category
Residential Income
Year Built
1927
Bedrooms
7
Full Bathrooms
5
Living Area
4,043 sq ft
Total Rooms
19
Stories
4
Levels
4
Interior Features
Flooring
Tile, Vinyl, Laminate, Hardwood, Wood
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
None, Window Unit(s), Wall Unit(s)
Has Cooling
No
Has Fireplace
No
Appliances
Range, Refrigerator
Interior Features
Floored Attic, Walk-Up Attic, Pantry, Storage, Upgraded Cabinets, Bathroom With Tub, Mudroom, Living Room, Kitchen
Laundry Features
Washer & Dryer Hookup
Basement Details
Full, Unfinished
Exterior & Structure
Construction Materials
Stone
Foundation
Concrete Perimeter, Block, Stone
Exterior Features
Balcony/Deck, Varies per Unit
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.14 acres
Lot Size
6,262 sq ft
Lot Size Area
0.1400
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street, Common, Paved
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
Varies per Unit
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,031
Tax Year
2024
Tax Assessed Value
$760,100
Parcel Number
M:0210 B:0000 L:0008
Zoning
R2
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Location
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Neighborhood
North Lawrence
53 -53A Bellevue St, Lawrence MA 01841
Lawrence, MA 01841
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$586
Homeowners Insurance$200
PMI$0
Property History
Market Insights
2.9%
Price Range
29
Total Days on Market
Property Timeline
✓
Sold
Apr 19, 2024
$870,000
Property sold
Days on Market: 29
🏠
Listed for Sale
Jan 14, 2024
$844,987
Original listing
Agent: Erwin MataOffice: William Raveis R.E. & Home Services
