Rare opportunity to acquire a side-by-side duplex in a desirable cul-de-sac location near UMass Lowells North Campus. This well-positioned two-family property offers approximately 2,100 square feet of living area, with two similar and spacious units. Each unit features 5 rooms, including 3 bedrooms, 1 full bathroom, a private entrance, basement space and separate washer/dryer hookups. The side-by-side configuration provides greater privacy than a traditional up-and-down two-family home and offers flexibility for investors, owner-occupants or buyers seeking a multigenerational living arrangement.Both units are currently occupied, providing immediate rental income. Existing rents are below current market levels, offering potential for future income growth subject to the existing tenancies, applicable laws and buyer due diligence. Tenants pay their own gas heat and electricity, helping limit owner-paid operating expenses.Additional features include ample off-street parking, a generous level yard and separate living arrangements for each household. The propertys location near UMass Lowell creates strong long-term rental appeal. Convenient access to public transportation, shopping, restaurants, downtown Lowell, local employment centers and major commuter routes adds to its investment value.Whether you are an experienced investor looking to expand your rental portfolio or an owner-occupant interested in building equity while collecting income from the second unit, this property offers an attractive combination of space, location, established tenancy and future rental potential. Buyer and buyers agent to perform their own due diligence regarding rents, leases, expenses and future rental opportunities.
Listed By
Agency Name: Bostonville Realty
Agent Name: Apurva Patel
Agency Phone: 774-217-3906
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 2,221.13 per month $1,555.67 Principal & Interest $461.58 Property Tax $203.88 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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34 Neofotistos Cir | MLS# 73571886
This multi-family property located at 34 Neofotistos Cir, Dracut, MA 01826 is currently listed for sale with an asking price of $699,000. Search Dracut real estate on www.masiellogrouprealestate.com today.