77-91 South Union Street

• 76-Unit Rooming House
• Strong Historical Occupancy | 100% Occupied
• Value Add Opportunity Through Market Rents
• Additional Coin-Op Laundry Income
• 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. Seller financing options are available.