Sold!
$1,285,000
8
Beds
8
Baths
5,740
Living Area
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Property Description
LOCATION, LOCATION, LOCATION! Rare opportunity to own a turnkey mixed use investment in downtown Lowell. Situated on a main street with high visibility, which is perfect for commercial spaces. Located next to TD bank and McDonald’s, Domino’s, gas station, church and near elementary school and LGH hospital. Less than a 6 minute drive or 20 minute walk to Umass Lowell. Near Lowell MBTA commuter rail and highway. Potential to put your own business in one of the 4 commercial spaces and own the whole building. Or just collect rent from the 4 two bedroom units and 4 (used as 3) retail store fronts generating over 120K a year gross with room to increase rents and generate a cap rate of over 7.6%. The building features vinyl siding. Recent upgrades included brand new 2022 roof, back deck security cameras, and more. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryers in unit.
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Highlights
- Parking Spots: 5
- Property Type: 5-9 Family
- Year Built: 1880
- Property Class: Residential Income
- Total Rooms: 23
- Status: Closed
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Additional Details
- Basement: Unfinished
- Road Frontage Type: Public
- Year Built Details: Approximate
- Zoning: Nb
- Foundation: Stone
- Total Number of Units: 8
- Year Built Source: Public Records
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Amenities
- Parking Features: Paved Drive, Off Street
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $446,800
- Compensation Based On: Net Sale Price
- Taxes: $5,549
- Buyer Agent Compensation: 2%%
- Tax Year: 2023
- Total Rent: $10,049
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of Thread Real Estate, LLC.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
