$850,000
8
Beds
4
Baths
3,348
Living Area
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Property Description
Great corner lot with plenty of on street parking and a rare driveway. Property recently appraised in April 2025 as is for $866,000. Many recent updates within past few years including renovated units, Navien on demand heating systems as well as new electrical throughout. Three units are rented with two high rents but still slightly below market value and one significantly below market value and one vacant unit that needs some light renovations. This building is ready for an investor to come in, reap the rewards of the rented units, while gaining additional upside by increasing the rent on the below market unit and renovating and renting the vacant unit. Easy access to the Lowell Connector and walking distance to public transportation for the tenants. Don't miss your chance to buy an all around solid building that will generate great returns and always have a high tenant demand.
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Highlights
- Heating: Baseboard
- Property Class: Residential Income
- Stories: 6
- Year Built: 1900
- Levels: 6
- Property Type: 4 Family
- Total Rooms: 15
- Status: Active
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Frame
- Foundation: Stone
- Lot Features: Corner Lot
- Roof: Rubber
- Total Number of Units: 4
- Year Built Source: Public Records
- Basement: Full
- Flooring: Vinyl
- Interior Features: Living Room, Kitchen
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual, Renovated Since
- Zoning: Usf
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Amenities
- Community Features: Public Transportation, Laundromat
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $597,800
- Tax Year: 2025
- Total Rent: $4,500
- Rental Fee Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
- Taxes: $6,863
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