7 Forest St - Apartments FOR SALE


Lawrence, MA 01841
$875,000 USD
781-776-4000
7 Forest St, Lawrence, MA for Sale
$875,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

7 Forest St
Lawrence, MA 01841


HIGHLIGHTS

  • Superior Location
  • Value Add Potential
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 7 Forest Street in Lawrence, Massachusetts (the “Property”). The Property is improved by a three-story building and 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 has one (1) on-site parking space. 7 Forest Street is well positioned on the north-side of Lawrence and is within walking distance of the town green and several area schools. The Property is 0.4-miles from Broadway (MA Route 28), one of the area’s primary commercial and commuter corridors and is walkable to local retail establishments, eateries, grocery stores, and parks and playgrounds. The Property offers convenient access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (1.7-miles). Lawrence benefits from a solid transportation infrastructure and proximity to Boston (25 miles from Downtown), the largest city in New England.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

6

PRICE/UNIT

$145,833

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1865

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

-

APN/PARCEL ID

LAWR-000188-000000-000020

ASK ABOUT THIS PROPERTY

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dennis KelleherHorvath & TremblayMore Info
781-776-4000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.