Three Family offering various recent updates including but not limited to refinished hardwood floors,updated baths, and recently painted interior. Close to all ammentities. Generous sized yard and two car garage. Plenty of off street parking.
Welcome to your ideal investment opportunity or multi-generational living space! This well-maintained two-unit duplex features two spacious units, each offering 2 bedrooms and 1.5 bathrooms, making it is ideal for investors seeking rental potential. Both units are equipped with energy-efficient mini-split heating and cooling systems, ensuring year-round comfort. One unit benefits from a solar panel system, providing eco-friendly energy savings and reducing utility bills. Each unit boasts a thoughtful layout, with ample natural light and generous living areas that cater to modern living. The fully fenced yard provides a private outdoor space. You'll also appreciate the convenience of separate parking for each unit, making it easy for residents and guests to come and go. This property is situated in a desirable area.
Discover an exceptional investment opportunity with this versatile multi-use property, featuring a blend of new construction and existing residences. Enjoy four beautifully designed residential units, including two newly constructed open-space units with 2 bedrooms, 1 bath, and central AC. Additionally, there are two spacious units offering 3 bedrooms and 1 bath each. Complementing the residential spaces are two prime main-level retail spaces. The interiors are highlighted by upgraded kitchens, durable laminate flooring, and stylish tile accents that seamlessly combine durability with aesthetic appeal. Don’t miss out on this promising addition to your portfolio!
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 8.27%.
Lawrence is located in Massachusetts. Lawrence, Massachusetts has a population of 87,798. Lawrence is less family-centric than the surrounding county with 23.28% of the households containing married families with children. The county average for households married with children is 30.06%.
The median household income in Lawrence, Massachusetts is $47,542. The median household income for the surrounding county is $86,684 compared to the national median of $69,021. The median age of people living in Lawrence is 32.2 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 48.3 inches per year, with 53.7 inches of snow per year.
