$2,975,000
Active71-75 Common St
Lawrence, MA, 01840
Land · MLS #73528771
Days on market
9 days
Lot size
0.56 ac
0.56 acres
Lot
About this home
Fully Approved 60-Unit Residential Site with $2.5M HDIP Tax Credit. Maximize your portfolio returns with the ICONO Tower Development, a premier, fully permitted multifamily opportunity in downtown Lawrence, MA. Located at 7175 Common Street and 37 Newbury Street, this shovel-ready project is approved for 60 market-rate apartments sitting over a 55-car structured garage. Investors gain an immediate financial edge with an awarded $2.5 million Housing Development Incentive Program (HDIP) tax credit spanning 20252027. Capitalize on the Merrimack Valley's rapid growth with a project backed by strong local demand and local government incentives.
Location
71-75 Common St, Lawrence, MA, 01840
Property details
- Road type
- Public
- Electric
- 110 Volts
Listed by Johan Lopez · Home Shop Properties, Inc.
Schedule a showing
71-75 Common St
Estimated payment
$19,258 / month
Loan term
- Principal & interest
- $15,043
- Property tax
- $2,975
- Home insurance
- $1,240
Estimate only. Actual payment may vary based on credit, taxes, HOA, and insurance. Tax estimate uses 1.2% of price (MA average).