$1,300,000

House for sale Lawrence
Property photo number 1 of 16 Photos for Property. File  104788801_29_f47d77b9ab91535def283503938899d7.jpeg

Overview

SUMMARY: Discover an opportunity with this Lawrence house for sale and available for $1,300,000. This could be your next ideal home or a smart investment. More details await.
Whether you're looking to offset your monthly housing expenses with rental income or build long-term wealth through real estate investing, this four-family offers exceptional flexibility, immediate cash flow, and outstanding long-term potential. Offered at $1,300,000, the property
features 12 bedrooms, 4 full baths, and sits on a generous 7,000 sq. ft. lot with abundant off-street parking, one-car garage, storage shed, and garden area. The owner's unit will be delivered vacant at closing, creating an ideal opportunity for an owner-occupant or allowing investors to immediately lease at current market rents. Three Tenant-at-Will units currently generate $6,250 per month and with market rents estimated at approximately $2,200 per unit the projected gross income is $105,600/yr. Building features include individually heated units with separately metered gas and electric, replacement windows, updated 200 Amp electrical service with house meter, a fully certified central fire sprinkler system, coin-operated laundry, dedicated tenant storage, and a common mechanical area. Conveniently located near major highways, public transportation, shopping, restaurants, parks, and neighborhood amenities. Lead compliance history available.
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Details

  • Beds: 12
  • Baths: 4
  • Price: $1,300,000
  • Reference No.: 94594028
  • Area: 5,023 sqft

Location

Marketed by:

  • Kim Mulligan
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Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.


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