BEDS7
BATHS6 full
SQUARE FEET3,131
MLS#73484860
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Very well maintained building with stabilized rents and performing at a true 8% cap rate with room to improve. This turn-key investment property is bringing in over $112,000 in annual gross rents and is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partial
Lot Size: 0.06 Acres
Stories: 5.0
Taxes: $8,348
Year Built: 1920
Amenities
Laundry Room
Feature Descriptions
Building Area Total: 3131
Community Features: Public Transportation, Shopping, Highway Access
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 91
Dwelling Type: 5-9 Family
Lot Features: Sloped
Parcel Number: 3194892
Parking Total: 0
Rooms Total: 18
Sewer: Public Sewer
Units: 5
Water: Public
Listed By / Shown By
Listed By
Agency Name: Compass
Agent Name: Nick Cowden
Agency Phone: 781-534-9229
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 3,200.31 per month $2,214.44 Principal & Interest $695.67 Property Tax $290.21 Homeowner's Insurance
317 Nesmith St. | MLS# 73484860
This multi-family property located at 317 Nesmith St., Lowell, MA 01852 is currently listed for sale with an asking price of $995,000. Search Lowell real estate on www.masiellogrouprealestate.com today.