82 S Broadway Lawrence, MA 01843
Property Features for 82 S Broadway
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1900
Source:
Elliman
Listing Agent: Bradford Carlson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Building with SRO Units
This mixed-use building features 41 units, including 3 commercial units and 38 single-room occupancy (SRO) units. Situated on 0.16 acres, the property encompasses 17,706 square feet of living area within a gross area of 24,502 square feet. The building has been well-maintained and features a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed within the past 3 years. Located on the south side of Lawrence, the property offers convenient access to Boston via Interstates 93 and 495, MA Route 28, and the Lawrence Train Station (0.6 miles) on the MBTA’s Haverhill Line. The location is walkable to local retail establishments, eateries, grocery stores, and parks. The cap rate upon acquisition is 9.30%. The seller will consider other property in trade to help accommodate a 1031 exchange.
Location Intelligence
Current Use by Public Records
Committee To Elect David ...
Advocacy Group
Rinconcito ecuatorian market
Grocery & Convenience Store
Location Insight
- Map
- Local Demand
- City
- Lawrence
- County
- Essex
- State
- Massachusetts
- Longitude
- -71.16299
- Latitude
- 42.696419
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 41-unit mixed-use building with commercial and SRO units.
Where is this mixed-use property located?
The property is located at 82 S Broadway Lawrence, MA.
What are key features of this property?
This property features: - High 9.30% Cap Rate upon acquisition.; - New roof, new heating system, and state-of-the-art security system.; - Well-maintained building with upgrades completed in the past 3 years.
