$779,500
$849,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
64 Manchester Street Lawrence, MA 01841
18 Beds
10 Baths
8,000 SqFt
Key Details
Sold Price $779,500
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $97
MLS Listing ID 72373161
Sold Date 01/29/19
Bedrooms 18
Full Baths 10
Year Built 1940
Annual Tax Amount $6,230
Tax Year 2018
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Ten unit brick building with plenty of parking. All separate utilities including ten individual water meters billed directly by the city. The unit mix is two 3 bedroom duplex apartments. Four 2 bedroom apartments. Four 1 bedroom apartments. Unit 1 which is a 1 bedroom was just rented for $850.00. All other units are far below market rent. Two new heating systems installed in the last few months. Seller may take a Buyer's larger or smaller property in trade. The other five units are as follows: Unit #6 1 bed rented for $675. Unit #7 2 bed rented for $725. Unit #8 2 bed rented for $775. Unit #9 3 bed duplex rented for $1,225. Unit #10 3 bed duplex rented for $1,000. Current gross rent is $8,175 per month. Potential gross is $10,000 per month see attached rent roll with market rates.
Location
State MA
County Essex
Zoning multi
Direction Corner of Blakelin and Manchester Street
Interior
Interior Features Unit 1(Bathroom With Tub, Slider), Unit 2(Bathroom With Tub), Unit 3(Bathroom With Tub), Unit 4(Bathroom With Tub), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
Heating Unit 1(Hot Water Baseboard, Gas, Individual, Unit Control), Unit 2(Hot Water Baseboard, Gas), Unit 3(Hot Water Baseboard, Gas), Unit 4(Hot Water Baseboard, Gas)
Cooling Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
Flooring Laminate
Appliance Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Gas Water Heater
Exterior
Exterior Feature Unit 1 Balcony/Deck
Roof Type Shingle
Total Parking Spaces 14
Garage No
Building
Lot Description Level
Story 6
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Joseph Lilly • Sky Realty, LLC
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