CCertihomes
78 Confidential Way, Lawrence, MA 01843

$4,000,000

0 beds 3 baths 4,472 sqft Built 1920Active

About this home

Here is a marvelous opportunity to own a well-established and thriving auto rental business strategically located right in the business district of Lawrence with high visibility. Business is privately owned and not in a franchise. It has been in operation for over 20 years with a yearly cash income of over $700k and a monthly cash flow of $55k-$60k. Sale includes commercial real estate which is comprised of first floor offices and two residential units that yield an additional monthly income of $3k. There is a huge fenced in parking lot with a big garage area for auto detailing. Business inventory includes 40 vehicles of assorted makes and models. This is an up and running, solid business with repeat customers. Take it over to continue the cash flow privately or be part of a franchise. Owner is retiring after many years in business. Full inventory list and books will be provided upon request as needed. Serious Buyers only. Please contact agent for more details and inquiries.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$23,393/mo

Real estate (PITI + HOA + PMI)
$24,322
Principal + interest$18,142
Property tax + insurance$4,680
PMI / 2nd mortgage$1,500
Utilities
$652
Heating + cooling$164
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$158
$23,393/mo TLC
Budget$23,893/mo
Remaining after TLC$500/mo
Purchase price
$4,000,000
Down payment
$200,000 (5%)
Loan amount
$3,800,000
APR
4%

Quick facts

Type
COM
Style
Year built
1920
Lot size
0.2 ac
Stories
0
Heating
Cooling
Water
HOA
Annual tax
$11,196
MLS #
73145388
County
Essex

Home features

Roof
Asphalt/Composition Shingles

Neighborhood — 01843

MetricThis ZIPCountyUSA
Population24,2966,444,931299,088,112
Population Change Since19909.00%7.00%20.00%
Population Density6,721786
Male11,6983,127,134147,432,321
Female12,5983,317,797151,655,844
Never Married6,3691,612,88563,775,926
Married7,7812,586,314123,120,365
Separated1,380247,85712,639,686
Widowed1,394363,59415,467,586
Divorced1,591436,88823,075,029
Number Of House Hold8,7872,431,591111,826,380
Average House Hold Size2.742.562.60
Medial Age30.6737.2535.46
Median House Hold Income$39,255$57,698$48,276
Average House Hold Income$51,079$75,023$63,629
P C I$18,938$29,196$24,529
M D I$34,390$48,105$41,133
A T H E$44,310$57,083$50,898
S T R5.00%5.00%
W C J72.98%81.38%77.74%
(Zip) Code
1843

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 8/7/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.