MA > Lawrence
Lawrence, MA 01843,183 & 198 Parker
Lawrence, MA 01843,183 & 198 Parker
Lawrence, MA 01843,183 & 198 Parker
Lawrence, MA 01843,183 & 198 Parker
Lawrence, MA 01843,183 & 198 Parker
Lawrence, MA 01843,183 & 198 Parker
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Aidas Kupcinskas

Aidas Kupcinskas

Foran Realty

+1(617) 240-0358
$ 2,000,000
Est. payment | /mo

32 Beds

9 Baths

9,075 SqFt

Save
$ 2,000,000
Est. payment | /mo
Save

32 Beds

9 Baths

9,075 SqFt

Key Details

Property Type Multi-Family

Sub Type 5+ Family - Rooming House

Listing Status Pending

Purchase Type For Sale

Square Footage 9,075 sqft

Price per Sqft $220

MLS Listing ID 73403863

Bedrooms 32

Full Baths 9

Year Built 1900

Annual Tax Amount $13,506

Tax Year 2025

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type 5+ Family - Rooming House

Property Description

The Parker Street Rooms & Apartments contain thirty-two (32) residential units, comprised of twenty-nine (29) SRO's and three (3) apartments. 183 Parker Street contains twelve (12) SRO's and one (1) apartment and 198-200 Parker Street contains seventeen (17) SRO's and two (2) apartments. The two buildings are located in South Lawrence and are across the street from one another. The landlord is responsible for gas heat and all electricity in 183 Parker. 198-200 Parker Street features separately metered electricity for all the rooms and apartments, which is the heat source for the building. Passing the electric expense back on to the tenants would create a significant increase in the NOI of the properties. Current rents are also below market rate. The properties have a current cap rate of 9.22%.

Location

State MA

County Essex

Zoning NA

Direction Please use GPS

Exterior

Total Parking Spaces 4

Garage No

Building

Lot Description Other

Story 4

Foundation Other

Sewer Public Sewer

Water Public

Others

Senior Community false

Listed by Horvath & Tremblay
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+1(617) 240-0358

aidas@foranrealty.com

543 Main St, Dennis, MA, 02638-1910, USA

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