Brought to you by: Ronni Wexler - RE/MAX On The River
11 Market Square
Newburyport, MA

(978) 992-4574   
Website: http://www.ronniwexler.com
Email: ronniwexler@realestateontheriver.com
 

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87 Alder St
Lawrence, MA. 01841-2440

Essex County
Directions: Gps From Your Location To 87 Alder St.

MLS # 72600227 - Sold
Multi-Family 3 Family   Blue

List Price $355,000 Days on Market  
List Date   # Units 3
Sale Price $317,030 # Floors  
Sold Date 3/26/20 Rooms 12
Assessed Value $273,200 Bedrooms 6
Gross Living Area 2,496SF Full Baths 3
Lot Size 1,320SF Half Baths 0
Taxes $3,737.00 Fireplaces  
Tax Year 2019 Basement Yes
Zoning R Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1900 Parking Spaces 2
    Garage Spaces 0

Remarks:

Three family centrally located. Consists of 3 - two bedroom units with kitchens with pantries, large living rooms and bedrooms. Tenant paid utilities all separate (heat, hot water and electric), lead paint certificates. New heat in 2015 and off street parking for two. Great cash flowing property, $48,000 per year gross rental income. Owner occupy and get help with the mortgage from tenants or buy and hold for a great cashflow opportunity. Seller offering $9,000 credit towards roof replacement.

Features
Basement   Full
Construction   Frame
Electricity   Individually
   Metered
Exterior   Vinyl
Flooring   Tile, Vinyl,
   Hardwood
Foundation   Fieldstone
Hot Water   Natural Gas
Lead Paint   None
Lot   Level
Parking   Off-Street
Road   Public
Roof   Tar & Gravel
Sewer / Water   City/Town
   Sewer, City/Town Water
Units
Unit 1 Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 2; Full Baths: 1; Lease: Yes; Levels: 1; Rent:
     1300; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 2 Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 2; Full Baths: 1; Lease: No; Levels: 1; Rent:
     1200; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Unit 3 Appliances: Range, Refrigerator; Bedrooms: 2; Floor: 3; Full Baths: 1; Lease: No; Levels: 1; Rent:
     1200; Rooms: 4; Rooms Desc.: Living Room, Kitchen
Financial Info
Electricity   $450
Gross Expenses   $2,750
Gross Oper. Income  
   $48,000
Insurance   $1,742
Net Oper. Income   $44,168
Sewage   $820
Water   $820
Additional Information
APOD Available?   Yes
Anticipated Sale Date  
   03/26/2020
Deed   Book: 15031, Page:
   144, Cert. #: 0000000078
Foreclosure   No
GLA Source   Public Record
Off Market Date   1/3/20
Parcel #   M:0171 B:0000
   L:0076 1
Seller Disclosure Doc  
   Yes
Short Sale   No
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 3/28/20 6:30pm

Courtesy: MLSPIN

Listing Office: RE/MAX On The River, Inc. Listing Agent: The Forzese Group


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