Sold!
$3,000,000
28
Beds
21
Baths
15,412
Living Area
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Property Description
Investors should consider this rare opportunity: a free-standing brick building in Downtown Lowell, seldom on the market, featuring 21 residential units over 15,460 sq/ft. The property boasts 14 one-bedroom and 7 two-bedroom units, all well-maintained with amenities like gas cooking, ceiling fans, tiled baths, some with open floor plans and city views, in-building laundry, among others. This investment promises to yield excellent rents for its future owner for years ahead. Financial details can be provided upon request. Presently, the building is fully occupied, highlighting the numerous benefits of owning such an investment property.
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Highlights
- Area: Downtown
- Heating: None, Steam, Natural Gas
- Parking Spots: 6
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 73
- Status: Closed
- Has View: Yes
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1900
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Additional Details
- Appliances: Range, Refrigerator
- Construction: Brick
- Foundation: Granite
- Lot Features: Corner Lot, Cleared, Level
- Roof: Shingle, Slate
- Total Number of Units: 21
- Year Built Details: Approximate
- Zoning: Umu
- Basement: Full, Interior Entry
- Flooring: Carpet, Laminate
- Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Open Floorplan, Kitchen, Family Room, Living Room
- Road Frontage Type: Public
- SqFt Source: Public Record
- View: City View(s), City
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
- Parking Features: On Street
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $2,437,200
- Tax Year: 2024
- Rental Fee Includes: Unit 1(Heat, Water), Unit 2(Heat, Water), Unit 3(Heat, Water), Unit 4(Heat, Water)
- Taxes: $29,027
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Listing information provided courtesy of Four Points Real Estate, LLC.
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