Sold!
$520,000
5
Beds
2
Baths
2,109
Living Area
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Property Description
Fantastic investment opportunity in Lowell! This multi-family property offers two units, perfect for owner occupancy or adding to an investor's portfolio. Unit 1: 2 bedrooms, 1 bath Unit 2: 3 bedrooms, 1 bath. Each unit features separate utilities and offers off-street parking for convenience. Located just 4 minutesfrom the T and a short walk to the bus stop, commuting is a breeze. Enjoy being 1 mile from downtown Lowell, a 10-minute walk to Kerouac Park and George McDermott Reservoir. With tenants currently at will and paying below market rents, there is significant potential for increased cash flow. Lowell’s low vacancy rate of only 3.75% makes this a great investment opportunity! Don't miss out on this excellent multi-family property in a prime location. Some TLC needed reflective of the listing price.
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Highlights
- Cooling: Window Unit(s)
- Levels: 3
- Property Class: Residential Income
- Stories: 3
- Year Built: 1925
- Heating: Forced Air
- Parking Spots: 2
- Property Type: Multi Family
- Total Rooms: 11
- Status: Closed
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Additional Details
- Appliances: Range, Refrigerator, Washer, Dryer, Microwave
- Construction: Frame
- Exterior Features: Balcony/Deck
- Interior Features: Walk-Up Attic, Heated Attic, High Speed Internet, Bathroom With Tub, Open Floorplan, Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Tmf
- Basement: Unfinished
- Exclusions: Washer And Dryer In The Basement Are Tenants.
- Foundation: Stone
- Lot Features: Level
- Roof: Shingle
- Total Number of Units: 2
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Paved Drive, Off Street, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $367,300
- Taxes: $4,375
- Tax Year: 2024
- Total Rent: $3,350
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