Great opportunity to purchase a large income producing 8 unit in the heart of Lowell. Located on a side street just steps away from UML's east campus/Tsongas Center and multiple options for nearby public transportation. This property is comprised of seven 1 bed units with coin-op laundry and one 3 bed townhouse style unit with in-unit laundry. Other features include 2 off-street parking space, potential to raise rents and generate more cashflow. Impeccable location, low expenses and great ROI will make this a perfect addition to any investor's portfolio.
Listing courtesy of MLSPIN / Jack Mantville / J. Borstell Real Estate, Inc.
Last checked:
Checking…
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Last updated Aug 31, 2023
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MLS# 73106035 —
The Building
Year Built:
1900
Year Built Details:
Approximate
Year Built Source:
Public Records
Roof:
Shingle
Basement:
Concrete
Foundation Details:
Concrete Perimeter
Stories Total:
7
# of Units Total:
8
Building Area Total:
5581
Building Area Units:
Square Feet
Building Area Source:
Public Records
Interior
Rooms Total:
25
Interior Features:
Unit 1(Ceiling Fans,Bathroom with Shower Stall), Unit 2(Ceiling Fans,Bathroom With Tub), Unit 3(Ceiling Fans,Bathroom With Tub), Unit 4(Ceiling Fans,Bathroom With Tub), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 3 Rooms(Living Room,Dining Room,Kitchen), Unit 4 Rooms(Living Room,Dining Room,Kitchen)
Flooring:
Wood,Tile,Vinyl,Laminate, Unit 1(undefined), Unit 2(Tile Floor), Unit 3(Tile Floor,Hardwood Floors), Unit 4(Tile Floor)
Fireplace:
false
Room Dimensions
Living Area:
5581
Location
Directions:
Riverside St to University Ave to Austin St
Latitude:
42.648757
Longitude:
-71.319405
The Property
Parcel Number:
M:137 B:300 L:15,3185145
Property Type:
Residential Income
Property Subtype:
5-9 Family
Property Condition:
Unit 1 Remodeled
Lot Features:
Corner Lot
Lot Size Units:
Acres
Lot Size Area:
0.11
Lot Size SqFt:
4861
Lot Size Acres:
0.11
Zoning:
UMU
Waterfront:
false
Farm Land Area Units:
Square Feet
Road Frontage Type:
Public
Listing Agent
Contact info:
Office phone:
(978) 502-8045
Taxes
Tax Year:
2022
Tax Book Number:
37096
Tax Annual Amount:
7661
Tax Assessed Value:
603700
Beds
Bedrooms Total:
10
Baths
Total Baths:
8
Total Baths:
8
Full Baths:
8
The Listing
Home Warranty:
false
Buyer's Brokerage Compensation:
2.0
Compensation Based on:
Net Sale Price
Sub Agency Relationship Offered:
No
Heating & Cooling
Heating:
Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard), Unit 3(Hot Water Baseboard), Unit 4(Hot Water Baseboard)
Heating:
true
Utilities
Sewer:
Public Sewer
Water Source:
Public
Appliances
Appliances:
Unit 1(Range,Refrigerator,Washer,Dryer), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator)
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average. The school service areas are not definitive and should only be used as guidance.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date
Event
Source
Price
% Change
8/22/23
Aug 22, 2023
Sold
MLSPIN
$1,245,000
-4.2%
7/14/23
Jul 14, 2023
Pending
MLSPIN
$1,299,999
6/30/23
Jun 30, 2023
Sold Subject To Contingencies
MLSPIN
$1,299,999
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Multifamily
Sold
on 8/22/2023
$1,245,000
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Listing Courtesy of: MLSPIN and J. Borstell Real Estate, Inc..
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.
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