G
Seller's Agent in 2020
Good Boston Living Team
Gibson Sotheby's International Realty
233 Jackson St Lawrence, MA 01841
Arlington Neighborhood
10
Beds
3
Baths
4,019
Sq Ft
7,405
Sq Ft Lot
About This Home
As of September 2020-- Motivated Seller -- Attention Investors! Magnolia Manor is a fully licensed 10 unit rooming house, with two major opportunities to add value or “force equity”. The first is with possible expansion potential in the attic, the large unfinished space has great ceiling height and is quite large. The second is to increase the rents! Current long term tenants provide great cash flow, and there is still room to grow. Rent currently averages over $7,000 per month. This multi unit dwelling still features much of the original charm it was constructed with including: built-in benches, large stained glass windows, a huge front porch and traditional hardwood floors. Magnolia Manor is conveniently located on bus route, near local dining options and the Methuen line. With over 4,000 sq/ft (sans the attic) and a MF zoning code you may have some conversion options to explore here. Take advantage of this tremendous opportunity and add some more passive income to your portfolio.
Last Agent to Sell the Property
Good Boston Living Team
Gibson Sotheby's International Realty Listed on: 03/04/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 7,405
Outdoor Features
- Deck
- Porch
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:0109 B:0000 L:0032
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/23/2020 09/23/20 | Sold | $546,000 | -3.2% | $136 / Sq Ft |
| 07/10/2020 07/10/20 | Pending | -- | -- | -- |
| 05/25/2020 05/25/20 | Price Changed | $564,000 | -0.9% | $140 / Sq Ft |
| 03/04/2020 03/04/20 | For Sale | $569,000 | -- | $142 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Agents Affiliated with this Home
-
-
J. Lucky Henry
Buyer's Agent in 2020
J. Lucky Henry
Henry RE
6 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72627516
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