145 Water St - Apartments FOR SALE


Lawrence, MA 01841- Tower Hill
$825,000 USD
781-776-4000
145 Water St, Lawrence, MA for Sale
$825,000 USD
Apartments - FOR SALE
1/11
null | 7.38% Cap Rate

145 Water St
Lawrence, MA 01841
Tower Hill


HIGHLIGHTS

  • Conveinent Location
  • Strong Suburban Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 145 Water Street in Lawrence, Massachusetts (the “Property”). In a highly accessible location off MA Route 28, the Property sits in close proximity to Downtown Lawrence on the Merrimack River, with convenient access to an array of amenities including restaurants and bars, area shopping, entertainment venues, and regional transportation. 145 Water Street is improved by a three-story building and contains a total of three (3) residential units comprised of two (2), 3-Bedroom/1-Bathroom units and one (1), 1+ Bedroom/1-Bathroom unit with 2,631 square feet of living area in 4,336 gross square feet on a 0.06-acre parcel of land. The Property features two (2) tandem parking spaces and separate utilities. 145 Water Street offers the opportunity to acquire a well-maintained investment property with upside in a desirable Merrimack Valley location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. Lawrence’s future is bright, thanks to continued commercial and infrastructure development in the city and the surrounding areas.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

3

PRICE/UNIT

$275,000

CAP RATE

7.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

LAWR-000163-000000-000015

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

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Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.