$795,000
7 Forest St
Lawrence, MA, 01841
Current cap rate of 8.85%. 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.
Property Details
Price:
$795,000
MLS #:
73315326
Status:
Active
Beds:
5
Baths:
6
Address:
7 Forest St
Type:
Multi Family
Subtype:
5-9 Family
City:
Lawrence
Listed Date:
Nov 23, 2024
State:
MA
Finished Sq Ft:
3,100
Total Sq Ft:
3,100
ZIP:
01841
Lot Size:
6,725 sqft / 0.15 acres (approx)
Year Built:
1865
Units:
6
Schools
Interior
Bathrooms
6 Full Bathrooms
Exterior
Parking Spots
1
Financial
Tax Year
2024
Taxes
$5,454
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of Horvath & Tremblay. 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.
7 Forest St
Lawrence, MA
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