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SOLD 1/19/2018

9 Riverview Place, Lawrence, MA 01841$500,000

12
beds
6
baths
5589
ft2
$89 / ft2

Listing provided courtesy of Listing Broker: Evan Leclerc, Club Realty
Source MLS PIN;
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Income property opportunity! A well-maintained Income property new to the market featuring six (6) updated units, each with two bedrooms 1 bath, & occupied with healthy rents. Each unit is large and contains laundry appliances, fridge, oven, pantry, living room, & closets. Newer roof, windows, furnaces and hot water heaters. Updated Electrical. Four (4) garage stalls & huge paved driveway for additional parking up to 15 spaces. Easy access to highway & shopping. 2 Garages currently rented. Rents are at under-market value @ $5,300/month (projection $6,000). A great purchase for any investor - at least a 9.1% ROI rate.

HOA

$—/month

On market

a month

Year built

1900

Property type

5 9 Family

Parking

15

MLS

72237202

Price / Sq.Ft.

$89 / ft2

Status

Sold

Home details for 9 Riverview Place

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Kitchen, Laundry, Living RM/Dining RM Combo, Kitchen, Laundry, Living RM/Dining RM Combo, Kitchen, Laundry, Living RM/Dining RM Combo
•   
Total Levels: 3, 9, 5
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 2, 1
•   
Total Levels Unit 3: 3, 1
•   
Total Levels Unit 4: 1
•   
Total Rooms Unit 1: 4
•   
Total Rooms Unit 2: 4
•   
Total Rooms Unit 3: 4
•   
Total Rooms Unit 4: 4
•   
Total Rooms: 20, 24, 20
Interior Features
•   
Electric Details: Circuit Breakers, 200 Amps, Individually Metered
•   
Utility Description: Water, Water, Water
•   
Energy Details: Insulated Windows
•   
Interior Features: Ceiling Fans, Pantry, Tile Floor, Wood Flooring, Bathroom With Tub & Shower, Ceiling Fans, Pantry, Tile Floor, Bathroom With Tub & Shower, Ceiling Fans, Pantry
Appliances
•   
Hot Water: Natural Gas
•   
Unit 3 Appliances: Range, Refrigerator, Washer, Dryer
•   
Unit 2 Appliances: Range, Refrigerator, Washer, Dryer
•   
Unit 1 Appliances: Range, Refrigerator, Washer, Dryer
Heating & Cooling
•   
Heating Description Unit 1: Gas
•   
Heating Description Unit2: Gas
•   
Heating Description Unit3: Gas
Flooring
•   
Unit 4 Floor Level: 1
•   
Flooring: Wood, Tile, Vinyl, Varies Per Unit
Bedrooms Info
•   
Total Beds: 12
•   
Unit 4 Beds: 2
•   
Unit 3 Beds: 2
•   
Unit 2 Beds: 2
•   
Unit 1 Beds: 2
Bathrooms Info
•   
Full Baths: 6, 6
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 6
Exterior Features
•   
Color: Tan
•   
Building Exterior Details: Shingles, Asbestos
Property Type
•   
Property Type: 5-9 Family
•   
Mls Prop Type: 5-9 Family
•   
Mls Property Type: Multi-family
Parking Info
•   
Garage Spaces: 4
•   
Parking Descriptions: Off-Street, Rented, Available for Purchase, Paved Driveway
Lot Info
•   
Zoning: R4
•   
Lot Description: Paved Drive, Cleared, Level
•   
Lot Number: 0051
•   
Acres: 0.00
Building Info
•   
Sqft Source: Public Record
•   
Foundation: Fieldstone
•   
Roof: Rubber
•   
Year Built Description: Actual
•   
Water/Sewer Built: 3200
•   
Year Built Source: Public Record
•   
Construction Materials: Frame
Basement Info
•   
Basement
•   
Basement Details: Full
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Utilities
•   
Utilities: for Gas Range, Washer Hookup
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 3600
•   
Fin Code: Cash
•   
Finances Source: Owner Provided
•   
Apod Available
•   
Operating Expense: 12/16
Listing Info
•   
Offline Listing Number: 2560876
•   
Status: Sold
Lease Info
•   
Gross Revenue: 12095
•   
Gross Income: 63600
•   
Net Operating Income: 51505
•   
Monthly Rent Unit 1: 850
•   
Monthly Rent Unit 2: 900
•   
Monthly Rent Unit 3: 900
•   
Lease 1
•   
Monthly Rent Unit 4: 900
•   
Lease 2
•   
Lease 3
•   
Total Rent: 5300
Listing Details
•   
Disclosures: Flood Insurance required. Rough estimate factored into insurance expenses provided. Unit 1-$850.00 rent through Methuen Housing. Unit #2-$850.00- Sec. 8 in full. 4 other leases TAW.
Tax/Assessment Info
•   
Tax Year: 2017
•   
Assessed Value: 319100.00
•   
Taxes: 4849.99
Listing Contacts
•   
Selling Agent: BB812008
School Neighborhood & Directions
Location
•   
Street Number: 9-15
•   
Map Book: 1420
•   
Block: 0000
•   
Map Page: 273
•   
Directions: Exit 46 MA-110 coming from I-93 S or Rte. 28 to Water st to Riverview.
•   
Map: 0163
Other
Other
•   
Main So: C64900
Calculation
•   
Price Per Sqft: 89.46
•   
List Price Per Sqft: 94.65
•   
Sold Price Per Sqft: 89.46
•   
Cdom Property: 35
•   
Cdom Broker: 35
•   
Cdom: 35

Neighborhood snapshot

39
Properties for sale
18
Median days on market
$217.59
Median sold price/sqft
105.16%
Sold/List %
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Property History for 9 Riverview Place

01/22/2018
01/22/2018
MLS PIN #72237202
sold
MLS PIN #72237202
$500,000

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