For Sale

Listed by Spencer Norton

Source: MLS Property Information Network Inc #73315326

7 Forest Street, Lawrence, MA, 01841

$795,000

5
6
1
3100 sq. ft.
6725 sq. ft.

Other

30+ days on the market

What's around 7 Forest Street

About this property

Current cap rate of 8.85%. 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.

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