77-91 South Union Street

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Address: 77-91 South Union Street, Lawrence, Massachusetts, US
Created date: February 20, 2024
Date last updated: February 20, 2024
  • 76-Unit Lodging House
  • Strong Historical Occupancy | 100% Occupied
  • Value Add Opportunity Through Market Rents
  • Recent Capital Improvements
  • Located in a Qualified Opportunity Zone

Property Description

Northeast Private Client Group is pleased to present the South Union Street Lodging House in Lawrence, MA. Lawrence is near I-93, positioned less than an hour’s drive to Boston & MBTA service connects Lawrence to Boston by rail. This 22,698 SF property was built in approximately the 1900s and consists of 76 rooms and 12 common restrooms. Capital improvements include a new rubber roof & new boilers installed 4-5 years ago. 95% of the units are remodeled, along with renovated common areas. Security systems and cameras are installed throughout the building. This building has a strong historical occupancy rate & a new buyer has a significant upside in bringing rents closer to market over time. All interested and qualified parties can obtain additional information & tour the property during scheduled appointments.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $5,200,000
No. of Units: 76
Year Built: 1900
Lot Size: 0.19 Sq ft
Opportunity Zone: No
Price per unit: $68,421
Property Website Click Here
Address: 77 S Union St #91, Lawrence, MA 01843, USA
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