For Sale

Listed by Bradford Carlson from New England Realty Advisors LLC

Source: MLS Property Information Network Inc #73454121

82 South Broadway, Lawrence, MA, 01843

$2,995,000

38
7
17706 sq. ft.
6995 sq. ft.

Other

30+ days on the market

What's around 82 South Broadway

About this property

This 41-unit mixed-use building consists of (3) commercial units totaling 5900 SF and (38) SRO (single room occupancy) units across 11,800 SF. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. This asset is well-maintained, featuring a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed in the past 3 years. The property is well-positioned on the south side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (0.6 miles). The property is walkable to local retail establishments, grocery stores, and parks. The cap rate upon acquisition is 10%. Seller will consider other property in trade to help accommodate a 1031 exchange.

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