Don’t miss this four-family property on a quiet street with quick and easy access to the Lowell Connector. The building boasts a brand-new roof, two updated forced hot air heating systems, two new boilers and a new exterior staircase. Each of the 3 bedroom units feature separate utilities and most are on a tenancy-at-will basis, with room to increase the rents. Tenants enjoy the convenience of on-street parking, the beautiful public garden next door, an elementary school, a variety of restaurants and shopping plazas nearby. Whether you’re an investor looking to expand your portfolio or someone seeking an owner occupied multi-family home, this property presents a unique chance to secure a well-located asset with great potential.
46 Howard Street is well-located in the Highlands neighborhood of Lowell’s Downtown. The Property contains four (4) units comprised of one (1) commercial unit, two (2), 2-Bedroom/1 Bathroom units and one (1) 2+ Bedroom/1-Bathroom townhouse style unit. The building features 3,337 square feet of living area in 5,619 gross square feet on 0.06-acres of land. The building has separately metered heat, hot water, and electricity which the tenants pay. The property has a current cap rate of 7.25%.
This investment opportunity is equally ideal for owner-occupancy and is truly exceptional. The first-floor apartment offers an open floor plan, two bedrooms, and a full bathroom. The second-floor unit is similar, featuring two bedrooms and a bathroom. The property includes an updated electrical system and a new rubber roof. Located near major highways such as Route 495, the Lowell Connector, and Route 3, its location enhances its attractiveness. Offered as-is, this property is an excellent value. Prompt action is advised to capitalize on this opportunity.
The median home value in Lowell, MA is $405,500. This is lower than the county median home value of $658,900. The national median home value is $338,100. The average price of homes sold in Lowell, MA is $405,500. Approximately 41.44% of Lowell homes are owned, compared to 54.38% rented, while 4.18% are vacant. Lowell real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lowell real estate agent to arrange a tour today!
Lowell, Massachusetts 01851 has a population of 114,804. Lowell 01851 is less family-centric than the surrounding county with 25.68% of the households containing married families with children. The county average for households married with children is 35.9%.
The median household income in Lowell, Massachusetts 01851 is $64,489. The median household income for the surrounding county is $111,790 compared to the national median of $69,021. The median age of people living in Lowell 01851 is 34.4 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 47.5 inches per year, with 55.6 inches of snow per year.