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55-59 Winthrop Ave, Lawrence, MA

Lawrence · MA 01843

$615,000
Price
4
Beds
4
Baths
3384
Sq. ft.

Overview

Property type: Multi-Family
Year built: Built in 1900
Units: 4 Units
Lot size: 0.3 Acre Lot
Price per square foot: $171 / Sq.Ft
Parking: 3 Garage Spaces · 10 Off Street Spaces

About this home

Investors take notice - This South Lawrence, MA. 4-unit multi-family wont last long. Great location! This property boasts a large lot with 10+ paved off street parking spaces along with a 3 bay detached garage. A mixture of the new and the old with many upgrades throughout the years! Commuters will have easy access to highways, bus, and train stops. Great walking distance to nearby stores and the local schools and parks. Underutilized larger lot allows for additions and expansions. Opportunities to increase rents with updates and/or including the covered parking spaces for tenants use. Current rents are below market value for apartments condition Current annual rental income is approx. $51,500 before taxes and other operating expenses. Roof only 10 years, new water heaters, oil tanks and other operating systems. Showings to begin at the open house Saturday 3/20, 11am '1pm and Sunday 3/21, 11am'12pm. *Appointments required. Offers due by Monday 3/22 by 5pm.

Neighborhood & Transit

55-59 Winthrop Ave, Lawrence · MA 01843

Nearby transit

Within 0.5 mile, measured straight-line to the nearest station entrance.

No subway or commuter rail stations within 0.5 mile.

Price Insight

Days on Market:
2056 days
Listing Price:
$579,900
Price per Sq.Ft:
$171
Tax Assessment:
$367,500 in 2021
Taxes:
$381 / Monthly

Home Facts

Interior Features

Bedrooms
4
Full Bathrooms
4
Half Bathrooms
0
Living Area
3,384 Sq.Ft
Kitchen
Unknown
Primary Bedroom
Unknown
Laundry
Unknown
Living levels
Unknown
Rooms
Unknown
Above grade area
Unknown
Flooring
Unknown
Lead paint
Unknown

Utilities

Heating Type
Unknown
Heating Zone
Unknown
Cooling
Unknown
Cooling Zones
Unknown
Water
Unknown
Sewer
Unknown
Electric Features
110 Volts, 220 Volts, Circuit Breakers, 200 Amps

Exterior Features

Lot Size
13,068 Sq.Ft
Lot Description
Unknown
Exterior Features
Unknown

Parking

Garage Parking
3 Parking Spaces
Off Street Parking
10 Parking Spaces

Construction Details

Construction Type
Unknown
Siding
Unknown
Roof
Unknown

Green Features

Electric Vehicle Charger
Unknown
Solar Panels
Unknown
Green Certified
Unknown
Insulation Features
Unknown
Energy Features
Unknown

Listing information

Listing agent
Michael Giannone
Listing office
Brick & Barn Real Estate Group
MLS PIN #
72800647