CCertihomes
350 South Broadway, Lawrence, MA 01843

$1,200,000

8 beds 7 baths 4,052 sqft Built 188043 days on marketActive

About this home

Welcome to this unique investment opportunity - a 5-unit multi-family home currently utilized as a 4-unit gem! Situated in a convenient location, this property is a canvas awaiting your transformative touch!! The exterior needs some TLC offering an ideal project for the savvy investor. Inside discover the updated heating systems ensuring comfort and efficiency. The units boast a mix of modernization, with a spacious 3 bedroom, two inviting 2 bedroom apartments, and a cozy 1 bedroom retreat. Each unit offers a comfortable living space embracing a balance of functionality and charm. The outside offers ample parking - a luxury - plus a foundation for another building with garage space below plus a storage shed.This property stands as a promising investment opportunity, combining the appeal of a multi-family home with the potential for value appreciation!! *****24 Hour Notice to show required****

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
$7,652/mo

Real estate (PITI + HOA + PMI)
$7,541
Principal + interest$5,443
Property tax + insurance$1,648
PMI / 2nd mortgage$450
Utilities
$632
Heating + cooling$154
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$141
Car insurance + maintenance$141
Other (entertainment)
$158
$7,652/mo TLC
Budget$8,152/mo
Remaining after TLC$500/mo
Purchase price
$1,200,000
Down payment
$60,000 (5%)
Loan amount
$1,140,000
APR
4%

Quick facts

Type
4 Family - 4 Units Up/Down
Style
Year built
1880
Lot size
Stories
6
Heating
Natural Gas
Cooling
Water
Public
HOA
Annual tax
$4,900
MLS #
73201130
County
Essex

At a glance

Fireplace
Basement
Dishwasher

Home features

Appliances
RangeDishwasherRefrigeratorWasherDryer
Interior
Cathedral/Vaulted CeilingsBathroom With TubInternet Available - UnknownKitchenFamily RoomLaundry RoomLiving RM/Dining RM ComboDining RoomLiving Room
Community
Public TransportationShoppingParkHighway Access
Parking
Paved DriveOff Street
Fireplace
Wood Burning
Flooring
Wood, Tile, Varies, Hardwood, Carpet
Roof
Shingle
Sewer
Public Sewer

Schools

Elementary
Lawrence
Middle
Lawrence
High
Lawrence

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.

Map & walkability

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MLSPIN

Listing information last refreshed 2/9/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.