102-114 Water St Lawrence, MA 01841
27-unit multifamily property in Lawrence, MA, renovated in 2024.
Building Details
- Year built
- 1900
Source:
Nerealtyadvisors
Listing Agent: Brad Carlson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Lawrence Multifamily Investment Opportunity
The Jordan Court Apartments, located at 102-114 Water Street in Lawrence, MA, are available for sale. This multifamily property comprises four buildings on a 0.44-acre lot, totaling 27,583 square feet. Constructed in 1900 and renovated in 2024, the property features 27 units, including 20 three-bedroom units, 2 four-bedroom units, 2 one-bedroom units, and 3 studio units. The property provides off-street parking and tenant-paid utilities. Four of the 27 units have been fully renovated. Located on the north side of Lawrence, the property is near local restaurants, retailers, and grocery stores. National brands such as Market Basket, America’s Food Basket, TJ Maxx, Walgreens, Starbucks, McDonald’s, KFC, Taco Bell, 7-Eleven, and Dunkin’ are within 3 miles. The location offers convenient access to Interstate 495, MA Routes 28 & 114, and Interstate 93, which is 3 miles away. The Lawrence Train Station, with service to Boston on the MBTA’s Haverhill Line, is 1.3 miles from the property. Lawrence is known for its industrial heritage and diverse, multicultural environment. The city's revitalized mill buildings now house residential lofts, commercial spaces, and educational centers. The property presents a value-add opportunity through cosmetic renovations and increasing rents to market value.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.1703117
- Latitude
- 42.7004751
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FAQs
What type of property is this?
Apartment building - 27-unit multifamily property in Lawrence, MA, renovated in 2024.
Where is this apartment building located?
The property is located at 102-114 Water St Lawrence, MA.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: - Value-add opportunity through cosmetic renovations.; - High cash-on-cash returns potential from day 1.; - Convenient location near downtown Lawrence, I-93, I-495, and the Lawrence MBTA Station.
