20-28 Holly

Lawrence, MA 01841 View Map $931,000 Ask a Question
Beds18
Baths6
Sq.Ft.6,132
Year1915
20-28 Holly Lawrence, MA 01841 | MLS 73165145 Photo 1
20-28 Holly Lawrence, MA 01841 | MLS 73165145 Map

Five Market Realty Group LLC

(978) 539-7335

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Status: Sold
Property Type:5-9 Family
MLS #:73165145
Sq. Feet:6,132
Date Sold:11/17/2023
Lot Size:0.21 Acres
County:Essex
*Offers due end of day Friday 10/6* Horvath & Tremblay is pleased to present the exclusive sale of two multi-family investment properties located at 20-22 & 24-28 Holly Street in Lawrence, Massachusetts. The Property is comprised of two adjacent parcels consisting of three buildings and containing a total of five (5) units. The units are comprised of three (3) 4-Bedroom/1-Bathroom units, one (1), 4-Bedroom/2-Bathroom unit, and one (1) 2-Bedroom/1-Bathroom unit. The buildings contain 6,132 square feet of living area in 10,878 gross square feet on a combined 0.20-acres of land. The Property also has a detached three-car garage and additional off-street surface parking. The buildings have a current cap rate of 7.33%.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
11/17/2023$900,000$931,0003.4%

Community Information

Address:20-28 Holly, Lawrence, MA 01841
County:Essex
City:Lawrence
Zip Code:01841

Architecture

Bedrooms: 18
Bathrooms: 6
Year Built:1915
Stories:9
Building Area: 6132
Garage Yes/No: Yes
Garage Spaces: 3
Parking Features: Off Street, Tandem, Paved
Covered Spaces: 3
Parking Total: 5

Features / Amenities

Interior Features: Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
Total Rooms:30

Property Features

Lot Size: 0.21 Acres
Lot Features: Flood Plain
Sewer: Public Sewer
Water: Public
Zoning:R-3
Directions:Please Use GPS

Tax and Financial Info

Tax Year: 2023
Tax Annual Amount: $9,610
Current Financing: Cash
Gross Income: $100,620
Net Operating Income: $65,934
Electric Expense: $520
Insurance Expense: $10,000
Water/Sewer Expense: $4,275
Operating Expense: $34,686
Total Actual Rent: $8,385
Buyer Agency Compensation: 2.5

Listing Agent/Office

Listing provided courtesy of Spencer Norton, Horvath & Tremblay.

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Listing Information Last Updated 7/23/2024