16A Exeter St - Apartments FOR SALE


Lawrence, MA 01843- South Lawrence
$1,425,000 USD
781-776-4000
16A Exeter St, Lawrence, MA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/13
null | 7.1% Cap Rate

16A Exeter St
Lawrence, MA 01843
South Lawrence


HIGHLIGHTS

  • Superior Location
  • Value Add Potential
  • Capital Improvements
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 16A Exeter Street in Lawrence, Massachusetts (the “Property”). The Property contains a total of six residential units comprised of five (5), 2-Bedroom/1- Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 3,720 square feet of living area in 5,596 gross square feet on a 0.23-acre parcel of land. The Property is well located along a tree-lined residential street in South Lawrence. The building has been well maintained and features nine (9) onsite parking spaces for residents and a low maintenance brick exterior. 16A Exeter Street is well positioned on the south-side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (1-mile). The Property is walkable to local retail establishments, eateries, grocery stores, and parks and playgrounds. Lawrence benefits from a solid transportation infrastructure and proximity to Boston (25 miles from Downtown), the largest city in New England.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

7.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,029 SF

ZONING

-

APN/PARCEL ID

-

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.