$750,000
6
Beds
3/1
Baths
3,497
Living Area
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Property Description
Fantastic opportunity for an owner-occupant or investor! This spacious three-family home in a prime Lowell location is just minutes from downtown, , the Merrimack River, major highways, and walking distance to UMass Lowell. The first-floor unit is currently owner-occupied and will be delivered vacant at closing, offering flexibility for a new owner or rental potential. The second and third-floor units are occupied by long-term tenants (TAW) who wish to stay, providing immediate rental income. Rents are currently below market value, presenting great upside potential. Each unit has separate utilities, with the owner covering the water bill. The property also features a garage for extra storage and the ability to hold one car inside. The property includes two parking spots currently used by the owner, plus one designated street parking spot per unit. Group showings ONLY Thursday, April 3, from 5:30PM – 7:00PM, and Saturday, April 5, from 12:00PM – 2:00PM. SOLD AS-IS.
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Highlights
- Heating: Baseboard, Hot Water
- Parking Spots: 4
- Property Type: 3 Family
- Total Rooms: 16
- Status: Closed
- Levels: 6
- Property Class: Residential Income
- Stories: 6
- Year Built: 1900
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Additional Details
- Appliances: Range, Refrigerator, Washer/Dryer
- Construction: Frame
- Foundation: Irregular
- Road Frontage Type: Public
- Total Number of Units: 3
- Year Built Source: Public Records
- Basement: Full, Interior Entry, Unfinished
- Flooring: Wood, Tile, Laminate, Hardwood, Carpet
- Interior Features: Storage, Bathroom with Shower Stall, Living Room, Kitchen, Laundry Room, Office/Den, Sunroom
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Tmf
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Amenities
- Community Features: Public Transportation, Park
- Parking Features: Paved Drive
- Covered Parking Spaces: 1
- Security Features: Security System
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $597,000
- Tax Year: 2024
- Total Rent: $1,900
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $7,110
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Listing information provided courtesy of eXp Realty LLC - Corporate Office.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.