South Broadway Rooms

Investment Overview

New England Realty Advisors LLC is pleased to present the exclusive opportunity to purchase the South Broadway Rooms, a mixed-use multifamily property located at 82 S Broadway in Lawrence, MA. This 41-unit mixed-use building consists of (3) commercial units totaling 5,900 SF and (38) SRO (single room occupancy) units across 11,800 SF. The property sits on 0.16 acres with 17,706 SF of living area in 24,502 gross square feet. This asset is well-maintained, featuring a new roof, a new heating system, and a state-of-the-art security system. All upgrades to the building have been completed in the past 3 years. The property is well-positioned on the south side of Lawrence and provides direct access to Boston via Interstates 93 and 495, MA Route 28, and The Lawrence Train Station with service on the MBTA’s Haverhill Line (0.6 miles). The property is walkable to local retail establishments, eateries, grocery stores, and parks.

Investment Highlights

• Value-add opportunity
• Below market rents
• High demand & supply-constrained market