$875,000 ($282.26 per sqft)

Est. Mortgage $4,367/mo *

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7 Forest St, Lawrence, MA, 01841

7 Forest St, Lawrence, MA, 01841
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17 rooms

5 beds

6 Full baths

1865

3,100 sqft

7 Forest St contains a total of six (6) residential units comprised of three (3), 1-Bedroom/1-Bathroom units, two (2), 1+ Bedroom/1-Bathroom units, and one (1) Studio unit with 3,100 square feet of living area in 5,458 gross square feet on a 0.15-acre parcel of land. The property features separately metered heat, hot water, and electricity for 5 of the units. The units have below-market residential rents, the opportunity exists to increase the rents to market rates in an urban-infill, high demand, supply-constrained residential market increasing the income of the Property. The property has a current cap rate of 8.00%.

Status:

Active

Type:

Multi-family

Units:

6

Zoning:

14

Levels:

9

Parking:

1-car

Acreage:

0.15

Est. Taxes:

$5,454

Assessment

$589,600

Lot Description:

Other

MLS #:

73315326

Compensation Based On:

Net Sale Price

Community Info

School Info

Walk Score

Mass Transit

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Listing courtesy of Spencer Norton, Horvath & Tremblay Phone: 781-776-4000