Here’s an incredible opportunity to purchase a well-maintained 8-unit building located near UML's East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.
ATTENTION all investors. Here is your chance to own this renovated & upgraded Turnkey 5 unit multi-family with Lead Certificates near UMASS Lowell. The property houses 5 units all with kitchens having updated/upgraded cabinets with Granite Counters and Stainless-Steel appliances. The 1st floor has 3 units; the 2nd floor has 2 units. Most flooring is Hardwood with some Tile. The property was renovated in 2019 and has a Sprinkler system, Security system with cameras, Monitored Fire Alarms, Updated plumbing, Updated Electrical, 4 FHA High Efficiency Furnaces, 4 Central AC unit, New Windows, and Master keyed. The common Laundry on the first floor takes debit or credit cards (operated by an outside company) and the property has motion lights. All this plus off-street parking for 3 or 4 cars.
Opportunity Knock on this great 3 family home located in the Acre area could be your potential real estate investment dreams. The property is conveniently located not to far from UMass Lowell - South Campus, Lowell High School, Stoklosa Middle School, Murkland Elementary School, Bartlett Community Partnership School, Market Basket, Walgreen, etc. All units are individually metered for gas and electric. Each tenants currently paid for monthly Solar electric as follows: Unit1: $100, Unit2: $100, Unit3: $70 and own gas. Perhaps all tenants are not paying rent at current rental market price. Buyer to assume Sunrun Solar Agreement from Seller has 25 years with SunRun Solar company with a monthly lease of $195.01.The property will not be delivered vacant. Buyer to assume all Tenancy At Will tenants.
DEVELOPMENT OPPORTUNITY in the very best part of Lowell in the heart of the newly created Hamilton Canal District. Steps away from the brand new Lowell Justice Center. Approved 20 residential units along with 1-4 commercial spaces on the first floor. Many options for offices/restaurant/retail space on ground floor. Walk to the train to commute to Boston, walk to restaurants, shops, museums, minutes to Lowell connector, RT. 3, RT. 495 highways. Great investment project. Parking is on street with 5 spaces, garage parking short walk, city parking lot adjacent. This development will have amazing views of the city and several canals as well as spectacular sunsets and sunrises. The owner and broker make no warranties or representations. Buyer/agent to due their own due diligence. Buyer to pull their own building permit. Existing building needs to be demolished.
Invest in Lowell’s future by investing in its history. Bachand Hall, aka the Stone House, built in 1824, site of the first town meeting in Lowell in 1826. (Davy Crockett was entertained here in 1834!) A tavern and hotel, it served many roles over the years. At one time, the home of patent medicine innovator J.C. Ayer, it is within the boundaries of the Lowell NHP. Its grounds, including a large lawn and in-ground pool, stretch from Pawtucket St to the river and the Northern Canal, with views of UMLowell N Campus. 15,208 sq ft of living space, it is meticulously maintained by the current owners. Features include stunning fireplaces and original woodwork. The current layout includes several large common rms, 48 rms overall, 29 bedrms, each with sink, 11 baths, 2 kitchens and laundries. Lower level is partially finished with walk-out to the pool. Situated on a .59 acre lot and zoned Traditional Multi-Use, (TMU), it will be conveyed with a 2nd lot with an additional 3600 sq ft of land.
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 01854 has a population of 114,804. Lowell 01854 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 01854 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 01854 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.