7 Forest St
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7 Forest St
6 Unit Block of Flats £685,387 (£114,231/Unit) Lawrence, MA 01841
Investment Highlights
- Superior Location
- Strong Demographics
- Value Add Potential
Executive Summary
Horvath & Tremblay is pleased to present the exclusive sale of the multifamily investment property located at 7 Forest Street in Lawrence, Massachusetts (the “Property”). The Property is improved by a three-story building and contains a total of six (6) residential units comprised of three (3), 1-Bedroom/1-Bathroom units, two (2), 1+ Bedroom/1-Bathroom units, and one (1) Studio unit with 3,100 square feet of living area in 5,458 gross square feet on a 0.15-acre parcel of land. The Property has one (1) on-site parking space. 7 Forest Street is well positioned on the north-side of Lawrence and is within walking distance of the town green and several area schools. The Property is 0.4-miles from Broadway (MA Route 28), one of the area’s primary commercial and commuter corridors and is walkable to local retail establishments, eateries, grocery stores, and parks and playgrounds. The Property offers convenient access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (1.7-miles). Lawrence benefits from a solid transportation infrastructure and proximity to Boston (25 miles from Downtown), the largest city in New England.
Property Facts
Price | £685,387 | Building Class | C |
Price Per Unit | £114,231 | Lot Size | 0.15 AC |
Sale Type | Investment | Building Size | 3,100 SF |
No. Units | 6 | Average Occupancy | 100% |
Property Type | Residential | Number of Floors | 3 |
Property Subtype | Apartment | Year Built | 1865 |
Apartment Style | Low Rise | Parking Ratio | 0.32/1,000 SF |
Price | £685,387 |
Price Per Unit | £114,231 |
Sale Type | Investment |
No. Units | 6 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.15 AC |
Building Size | 3,100 SF |
Average Occupancy | 100% |
Number of Floors | 3 |
Year Built | 1865 |
Parking Ratio | 0.32/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Walk Score ®
Very Walkable (80)
PROPERTY TAXES
Parcel Number | LAWR-000188-000000-000020 | Improvements Assessment | £360,788 |
Land Assessment | £101,046 | Total Assessment | £461,834 |
PROPERTY TAXES
Parcel Number
LAWR-000188-000000-000020
Land Assessment
£101,046
Improvements Assessment
£360,788
Total Assessment
£461,834
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7 Forest St
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