Mike Mullins - Stone Ridge Properties

236 Hampshire St, Lawrence, MA 01841

Multi-Family

$424,900
Price
$432,000
Sale Price

3
Units
3,966
Approx. GLA
Completely renovated (just shy of a full gut rehab) within the last year, numerous updates include all new wiring and electric panels, all new plumbing, all new heating units and all new hot water heaters, all new appliances, flooring and paint. Very turnkey property, solid and needs nothing. Full Lead Compliant Certs in hand. Must see! Three uncommonly big four bedroom units make up this 4000 sq ft building. Great cash cow income property set in a desirable location on a corner lot is also good for an owner occupant with lowered costs offset by other rental units. This building is mechanically all new. Property has a terrific rental history. Eligible for housing voucher tenants. Pictures do not do it justice, so much value for the price! Option to continue to use current property manager for seamless transition.
Highlights
Sale Price: $432,000
Settled Date: 11/30/2018 12:00:00 AM
Basement Features: Full, Interior Access, Unfinished Basement
List Price: $424,900
Type: Multi-Family
Multi-Family Type: 3 Family
Status: Sold
Beds: 12
Baths: 3
Units: 3
Year Built: 1900
Approx. GLA: 3,966
MLS#: 72350545
 
 
Interior
Basement: Yes
Electricity Cost: $180
Electric Features: Circuit Breakers, 100 Amps, Individually Metered
Heating Units: 3
Heating Zones: 3
Flooring: Vinyl
Energy: Insulated Windows, Insulated Doors
Hot Water: Natural Gas, Tank
Rooms: 18
Lead Paint: Certified Treated
Total Floors: 3
Exterior
Water: No
Acres: 0.05
Lot Size: 2,090.00
Lot Description: Corner, Level
Foundation: Fieldstone, Brick, Other (See Remarks)
Road Type: Public, Paved
Color: Gray
Construction: Frame
Roof Material: Rubber
Utility: for Gas Range
Exterior: Vinyl
Exterior Features: Porch, Screens
Water: City/Town Water
Water: City/Town Water
Taxes
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: Yes
Assessed Price: $270,200
Taxes: $3,869
Tax Year: 2018
Book/Page: 14940/177
School
High School: Lawrence
Beach
Beach: No
Expenses
Expenses Source: Owner Provided
Gross Income: $48,000
Gross Expenses: $2,780
Total Rent: $4,000
Net Income: $45,220
Insurance Cost: $2,000
Water Cost: $600
 
 
Additional
Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Disclosure Declaration: No
Units
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 6 4 0 1 1 0 Yes 1 $1,350
Unit 2 6 4 0 2 1 0 Yes 1 $1,350
Unit 3 6 4 0 3 1 0 Yes 1 $1,300
Units Extras
Unit 1
Rent Includes:  Water  Applicances:  Range, Refrigerator  Heating:  Forced Air, Gas, Individual, Unit Control  Interior:  Cable TV Available, Lead Certification Available  Rooms:  Living Room, Kitchen 
Unit 2
Rent Includes:  Water  Applicances:  Range, Refrigerator  Heating:  Forced Air, Gas  Interior:  Cable TV Available, Lead Certification Available  Rooms:  Living Room, Kitchen 
Unit 3
Rooms:  Living Room, Kitchen 
Map
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The listing office is Stone Ridge Properties, Inc. and the listing agent is Jack Mahoney. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/16/2018 4:05:00 AM.
 
Mike Mullins
Mike Mullins
Stone Ridge Properties
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