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61-63 Olive Ave
Lawrence, MA. 01841-4105


MLS # 72467912 - Sold
Multi-Family 2 Family - 2 Units Up/Down    

List Price $490,000 Days on Market  
List Date   # Units 2
Sale Price $495,000 # Floors  
Sold Date 6/20/19 Rooms 16
Assessed Value $401,400 Bedrooms 8
Gross Living Area 3,414SF Full Baths 2
Lot Size 6,000SF Half Baths 1
Taxes $5,491.00 Fireplaces  
Tax Year 2019 Basement Yes
Zoning R-2 Waterfront No
Est. Street Front 60 ft. Beach Nearby No
Year Built 1937 Parking Spaces 8
    Garage Spaces 2

Remarks:

Investment Opportunity. Charming Two-Family home, hardwood floors, updated windows, fireplaces, updated exterior. Excellent rental income with potential third floor apartment already equipped with bath and kitchen. Additional 6000 square foot vacant lot adjacent zoned R-2. This vacant lot with a variance gives potential to build another two family. At this price, this will not last. Great opportunity for Builder or Owner occupant. Buyer responsible to perform their own due diligence to verify permitted usage and or to verify the ability to build on the land. Seller or agent make no warranties or representation of allowable usage or description. Attached documents include overview map, zoning document and annual expenses.

Features
Amenities   Public
   Transportation,
   Shopping, Park,
   Walk/Jog Trails,
   Laundromat, Highway
   Access, House of
   Worship, Public School
Basement   Full
Construction   Frame
Electricity   110 Volts
Energy   Insulated
   Windows, Storm Windows,
   Storm Doors
Exterior   Vinyl
Exterior Feat.   Porch,
   Deck, Deck - Wood,
   Patio, Covered
   Patio/Deck, Fenced Yard,
    Satellite Dish
Flooring   Wood, Plywood,
    Tile, Vinyl, Wall to
   Wall Carpet, Hardwood
Foundation   Concrete
   Block
Heating Zones   2
Hot Water   Natural Gas,
   Tank
Lead Paint   Unknown
Lot   Paved Drive
Parking   Off-Street
Road   Public
Roof   Asphalt/Fiberglass
   Shingles
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Electric Range, for
   Electric Oven, for
   Electric Dryer
Units
Unit 1 Bedrooms: 4; Floor: 1; Fireplaces: 1; Full Baths: 1; Half Baths: 1; Lease: No; Levels: 1; Rent:
     1300; Rooms: 8
Unit 2 Bedrooms: 4; Floor: 2; Fireplaces: 1; Full Baths: 1; Lease: No; Levels: 1; Rent: 1300; Rooms: 8
Financial Info
Expenses Source   Owner
   Provided
Expenses Year End   12/19
Gross Expenses   $9,730
Gross Oper. Income  
   $31,200
Insurance   $2,348
Misc.   $649
Net Oper. Income   $31,200
Water   $1,135
Additional Information
APOD Available?   No
Anticipated Sale Date  
   06/24/2019
Deed   Book: 11966, Page:
   50, Cert. #: 6157
Foreclosure   No
GLA Source   Public Record
Off Market Date   3/29/19
Parcel #   M:0227 B:0000
   L:0096
Schools   Grade School:
   Gilmette, Middle School:
   Bruce Middle, High
   School: Lawrence HS
Seller Disclosure Doc   No
Short Sale   No
Year Built Desc.   Actual
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 6/28/19 10:30am

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: Beauparlant Realty Listing Agent: Theodore W. Beauparlant


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