$1,325,000
9
Beds
8
Baths
7,101
Living Area
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Property Description
Well-located mixed-use investment opportunity in Lowell’s Acre neighborhood features six residential apartments and two first-floor commercial units. This property offers stable occupancy with existing strong cash flow and opportunities for value-add potential. First-floor tenants include a recently upgraded restaurant and barber shop. The upper floors are made up of two (2) two-bedroom units and four (4) one-bedroom unit walk-ups. Additional features include some on-site parking spaces, natural light from three elevations, and several units with small decks and secondary means of egress.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1936
- Parking Spots: 6
- Property Type: 5-9 Family
- Total Rooms: 27
- Status: Active
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Additional Details
- Basement: Full
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: Umu
- Construction: Frame
- Lot Features: Corner Lot
- Roof: Rubber
- Total Number of Units: 8
- Year Built Source: Public Records
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Amenities
- Community Features: Other
- Parking Features: Off Street
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Utilities
- Electric: Other (See Remarks)
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $623,400
- Taxes: $9,414
- Tax Year: 2022
- Total Rent: $10,525
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