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439 Riverside Dr, Lawrence, MA 01841$949,000

18
beds
6
baths
7520
ft2
· 6534
ft2 lot
$126 / ft2

Listing provided courtesy of Joseph Lilly, Sky Realty, LLC
Source MLS PIN;
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Large six family with tremendous rental upside potential. All three bedroom units averaging 1,200 square feet each. In a great area near the Methuen line. Plenty of off street parking. Tenants pay their own utilities. Vinyl sided. Two units are presently vacant and in the process of being prepped to rent at $1,850 each. Seller can leave vacant for new owner or deliver rented. Property needs cosmetics. Rents should be $1,850 each with cosmetic upgrades to apartments. Clean basement. 439 Riverside Dr., Units 1 & 2, 441 Riverside Dr., Units 1 & 3 have been issued letters of lead compliance per state website.

HOA

No HOA

On market

3 months

Year built

1920

Property type

5-9 Family

Parking

6

MLS

73051447

Price / Sq.Ft.

$126 / ft2

Status

Active Under Contract

Buyer’s Brokerage Commission

2%

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Home details for 439 Riverside Dr

Interior Features & Layout
Appliances
•   
Kitchen Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Unit 4(Range, Refrigerator), Gas Water Heater, Tankless Water Heater, Leased Heater, Utility Connections for Gas Range, Utility Connections Varies per Unit
Heating & Cooling
•   
Has Heating
•   
Heating Details: Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Gas), Unit 3(Hot Water Baseboard, Gas), Unit 4(Hot Water Baseboard, Gas)
•   
Cooling Details: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
Interior Features
•   
Interior Features: Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen), Unit 4 Rooms(Living Room, Kitchen)
Bathrooms Info
•   
Full Baths: 6
•   
Total Bathrooms: 6
Flooring
•   
Flooring: Varies Per Unit
Rooms Info
•   
Total Rooms: 30
Property, Lot, Community & Exterior Features
Building Info
•   
Building Area Source: Public Records
•   
Building Area Units: Square Feet
•   
Basement: Full, Interior Entry, Concrete, Unfinished
•   
Roof: Rubber
•   
Foundation Details: Stone
•   
Total Sq. Ft.: 7520
•   
MLS Property Type: Residential Income
•   
Number of Stories: 9
•   
Year Built Source: Public Records
•   
Construction Materials: Frame
•   
Year Built Details: Approximate
Multi-Unit Info
•   
Number Of Units Total: 6
Parking Info
•   
Parking Features: Paved Drive, Off Street
•   
Parking Spaces: 6
•   
Open Parking Yes/No: true
Lot Info
•   
Zoning Type: RES
•   
Lot Details: Corner Lot, Sloped
•   
Lot Size Area: 6534
•   
Acres: 0.15
•   
Lot Size Units: Acres
Community Info
•   
Number Of Units In Community: 6
Utilities & Other Information
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Utility Info
•   
Utilities: for Gas Range, Varies per Unit
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 4800
•   
Gross Income: 114000
•   
Insurance Expense: 4000
•   
Operating Expense: 11800
Listing Info
•   
Exclusions: Tenants Possessions.
Lease Info
•   
Monthly Rent: 9500
Listing Details
•   
Seller Disclosure: 4 of the hot water tanks are rented. Monthly rental approximately $120 per month. Total monthly/annual rent stated in listing is with the presently vacant unit rented. Seller will deliver rented if buyer desires. L/A is related to Manager of owner.
•   
Status: Active Under Contract
•   
Originating System Name: MLS Property Information Network
Tax/Assessment Info
•   
Tax Year: 2022
•   
Assessed Value: 726600
•   
Taxes: 8312
•   
APN: M:0224 B:0000 L:0004, 4211788
Other
•   
Electric Expense: 600
School Neighborhood & Directions
Location
•   
Zip Code: 01841
•   
Zip Code +4: 4825
•   
Directions: Water Street turns into Riverside heading to Methuen
•   
Country: US
Other
Calculation
•   
Price Per Square Foot: 126.2

Property History for 439 Riverside Dr

10/23/2022
10/23/2022
MLS PIN #73051447
active
MLS PIN #73051447
$949,000
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