34-38 Milton Street, Lawrence (North Lawrence), MA, Massachusetts, property flyer

34-38 Milton Street, Lawrence (North Lawrence), MA, 01841 | $995,000

This mixed-use investment property features two separate buildings on one lot. The first is a 4-unit residential building offering strong rental income. The second is a commercial building with excellent street visibility, ideal for a variety of business uses. Conveniently located in the heart of Tower Hill in Lawrence, this property provides the perfect opportunity to unlock value, converting into serious monthly cash flow through multiple streams of income. This is a great opportunity for investors or owner-occupants looking to expand their portfolio! Showings begin at the open house Saturday 4/26 and Sunday 4/27 11-1.

Features

Town: Lawrence
Rooms: 21
Bedrooms: 11
Baths: 4 full
Units: 4

Year Built: 1990
Basement: Full
Approx Sq. Feet: 4,325
Acreage: 0.34
Est. Taxes: $7,164

Lot Desc: Corner Lot
MLS#: 73364106
Website: https://www.raveis.com
/prop/73364106/3438miltonstreet_lawrence_ma?source=qrflyer

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Alexandra Desrosiers courtesy of Keller Williams Gateway Realty

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888.699.8876

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

Is available to meet with you in our office, your home or office, evenings or weekends
Offers you pre-approval in minutes!
Provides a guaranteed closing date that meets your needs
Has access to hundreds of loan programs, all at competitive rates
Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

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Our Insurance Division:

Will Provide a home insurance quote within 24 hours
Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

34-38 Milton Street, Lawrence (North Lawrence), MA, 01841

$995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Jumbo*	30 Year Fixed-Rate Jumbo	15 Year Fixed-Rate Jumbo
Loan Amount	$796,000	$796,000	$796,000
Term	360 months	360 months	180 months
Initial Interest Rate**	5.500%	6.625%	6.125%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	6.614%	6.727%	6.309%
Monthly Tax Payment	$597	$597	$597
H/O Insurance Payment	$92	$92	$92
Initial Principal & Interest Pmt	$4,520	$5,097	$6,771
Total Monthly Payment	$5,209	$5,786	$7,460

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.