Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

7 Forest St

Lawrence, MA ID #73315326

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7 Forest St

- Lawrence, MA ID #73315326

Property Description

7 Forest St contains a total of six (6) residential units comprised of three (3), 1-Bedroom/1-Bathroom units, two (2), 1+ Bedroom/1-Bathroom units, and one (1) Studio unit with 3,100 square feet of living area in 5,458 gross square feet on a 0.15-acre parcel of land. The property features separately metered heat, hot water, and electricity for 5 of the units. The units have below-market residential rents, the opportunity exists to increase the rents to market rates in an urban-infill, high demand, supply-constrained residential market increasing the income of the Property. The property has a current cap rate of 8.00%.

Additional Details

  • Status: ACT
  • Type: Multi-Family, 5-9 Family
  • Zip Code: 01841
  • Taxes: 5,454
  • Living Levels: 9
  • Acres: 0.15

Parking

  • Parking Spaces: 1

Rooms/Dimensions

  • Total Units: 6
  • Total Floors: 9
  • Total Rooms: 17

Location

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7 Forest St, Lawrence, MA

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The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Spencer Norton of Horvath & Tremblay. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.