317 Nesmith
$1,029,000
7
Beds
6
Baths
3,131
Sqft
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$1,029,000
7
Beds
6
Baths
3,131
Living Area
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Property Description
Very well maintained building with stabilized rents and performing at a 7.9% cap rate. This turn-key investment property is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best multi family investment property on the market in Lowell today!
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Highlights
- Levels: 9
- Property Type: 5-9 Family
- Total Rooms: 17
- Status: Active
- Property Class: Residential Income
- Stories: 9
- Year Built: 1920
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Additional Details
- Basement: Partial
- Lot Features: Gentle Sloping, Sloped
- Total Number of Units: 5
- Year Built Source: Public Records
- Foundation: Block, Stone
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Tmf
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Amenities
- Community Features: Sidewalks
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Utilities
- Electric: 220 Volts
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $589,500
- Taxes: $6,768
- Tax Year: 2025
- Total Rent: $9,350
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