(413) 333-7776
Real Estate Company
Fully occupied legal 4-family offering immediate rental income and additional growth potential! This well-maintained Lawrence multifamily currently generates $8,450 monthly ($101,400 annually) in gross rental income, plus additional income from coin-operated laundry. With estimated market rents of over $2,200 per unit, annual gross rental potential easily reaches over $105,600, excluding laundry income.Each of the four spacious apartments features 3 bedrooms, offering a total of 12 bedrooms and 4 full baths. Building improvements include a certified fire sprinkler system, replacement windows, vinyl siding, individual gas heating systems, and separately metered gas and electric. Common basement amenities include coin-operated laundry, mechanical space, and tenant storage.Outside, enjoy a fenced yard with garden area and fruit trees, storage shed, one-car garage, and generous off-street parking for 8+ vehicles. All four units are occupied by tenants-at-will, providing established rental income with potential for future increases. Conveniently located near shopping, transportation, and major commuter routes.An excellent opportunity to acquire an established income-producing property with strong existing revenue and additional upside!
Listing courtesy of Listing Agent: Kim Mulligan from Listing Office: Realty Direct Somerville.
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