49 Lawrence Street Salem, MA SOLD
$1,115,000
Beds 9
Baths 3
Square Feet 3,159
Acres 0.16
Description
**Attention Investors and Homeowners!** Whether you're seeking an outstanding long-term investment, a 1031 exchange before year-end, or looking to offset your mortgage with rental income, this property offers the perfect opportunity. Rent out all three units and generate over $100k in gross annual income, flip for condos, or live in the beautifully updated first-floor unit. Located just a few blocks from the proposed new commuter rail station. Exceptionally updated three-family home features 3 bedrooms and 1 bathroom in each unit. The units have porches to enjoy summer evenings. Full basement for storage and it walks out to nice size yard. Off street parking for 4-5 cars. Two units are already fully rented to excellent tenants, while the first-floor unit is available for you to rent or occupy as you see fit. Rare to find an all 3 bedroom unit multifamily. Don’t miss this incredible chance!
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate, Helen Bolino
Sold by eXp Realty, Pax Estate Group
Details
MLS 73298609
Status Closed
Price $1,115,000
DOM 32 days
Type Multi-Family
Beds 9
Total Baths 3 full baths
Square Feet 3,159 sqft
Lot Size 0.16 acres
Year Built 1900
Lot & Building Features
Appliances Dishwasher, Refrigerator, Range, Microwave, Freezer
Construction Frame
Cooling None
Heating Forced Air, Natural Gas
Sewer Public Sewer
Tax Year 2024
Taxes Paid $7,734
Water Public
Foundation Brick/Mortar, Stone
Interior Features Kitchen, Living Room, Laundry Room
Roof Shingle
Full Baths 3
Parking Off Street, Paved Drive
Total Rooms 15
Basement Feature Full, Walk-Out Access, Unfinished, Interior Entry
Garage Spaces 0
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.