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You are here:
Home Massachusetts Lawrence Multi-Family Homes for Sale

38 - 40 Sanborn St. Lawrence, MA 01843
Contingent
37 Photos
$706,000
2 Unit
4 Beds
2 Baths
2434 SQFT
0.09 Acre
38 - 40 Sanborn St.
Lawrence, MA 01843
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Property Description

Motivated Sellers!! Selling this spacious multi-family property as-is, offers two units, each with 2 bedrooms (with 3rd bedroom added in each unit) and 1 bath, ideal for rental income or owner-occupancy. The first floor has been partially renovated, and the sale includes some finishing supplies, allowing you to add your personal touch. The property features hardwood floors, a fenced yard, an enclosed porch, and vinyl siding. Located in South Lawrence, it’s close to public transportation, shopping, parks, and major highways.Additionally, the owner is selling a single-family home at 17 Bicknell Terrace, MLS #: 73277310 which can be included as a package deal. This single-family property offers great potential for Airbnb income, making it a lucrative investment opportunity. Both properties provide a unique chance to expand your portfolio with immediate income potential and room for value-added improvements. Ask me about the Exclusive Seller incentives!
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Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 3
  • Total Bedrooms: 4
  • Total Full Baths: 2
  • Amenities: Bike Path, Highway Access, Laundromat, Medical Facility, Park, Public Transportation, Shopping, Swimming Pool, Tennis Court, Walk/Jog Trails
  • Basement Features: Bulkhead, Interior Access, Walk Out
  • Common Rooms: Dining Room, Family Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Internet Available - Unknown, Pantry, Stone/Granite/Solid Counters, Storage, Tile Floor
  • Common Appliances: Dryer, Dryer Hookup, Freezer, Range, Refrigerator, Washer, Washer Hookup
  • Common Heating: Extra Flue, Forced Air, Gas, Heat Pump, Oil

Financial

  • APOD Available: No
  • Expenses Source: Projected
  • Gross Operating Income: 57600
  • Gross Expenses: 9600
  • GSE: 1000
  • Electric Expenses: 2500
  • Water/Sewer: 3000
  • INSC: 1700
  • Repairs & Maintenance: 5760
  • Net Operating Income: 28000

Utilities

  • Heat Zones: 2
  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Windows
  • Utility Connections: for Electric Dryer, for Gas Dryer, for Gas Oven, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: GLSD

Unit 1 Description

  • Included in Rent: None
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Gas
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1915
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame, Stone/Concrete
  • Foundation Info: Poured Concrete
  • Roof Material: Membrane, Wood Shingles
  • Flooring Type: Hardwood, Tile, Wood
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73277355
  • Last Updated: 08/23/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
08/23/2024Contingent$706,000$290MLSPIN
08/17/2024Active$706,000$290MLSPIN
08/13/2024New$706,000$290MLSPIN
01/08/1996Expired$0$0MLSPIN

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Seller's Representative: Karla Kenol, eXp Realty

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-08-23 22:20:00

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