Lowell, MA 01851,110 Branch St, Unit 10 & 11
Lowell, MA 01851,110 Branch St, Unit 10 & 11
Lowell, MA 01851,110 Branch St, Unit 10 & 11
$530,000
Est. payment /mo
$529,000
0.2%
Est.Price: ?

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7 Beds
3 Baths
2,572 SqFt
SOLD DATE : 05/15/2024

Key Details

Sold Price $530,000

Property Type Multi-Family

Sub Type 2 Family - 2 Units Up/Down

Listing Status Sold

Purchase Type For Sale

Square Footage 2,572 sqft

Price per Sqft $206

MLS Listing ID 73222337

Sold Date 05/15/24

Bedrooms 7

Full Baths 3

Year Built 1895

Annual Tax Amount $4,133

Tax Year 2024

Property Description

Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.

Location

State MA

County Middlesex

Area Highlands

Zoning NA

Direction Westford st --> Branch St

Interior

Interior Features Lead Certification Available, Storage, Bathroom With Tub, Open Floorplan, Kitchen, Living RM/Dining RM Combo, Living Room, Dining Room

Heating Baseboard, Natural Gas

Cooling Window Unit(s)

Flooring Tile, Hardwood

Appliance Range, Microwave, Refrigerator

Exterior

Community Features Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, University

Utilities Available for Gas Range

View Y/N Yes

View City View(s)

Roof Type Rubber

Total Parking Spaces 2

Garage No

Building

Lot Description Corner Lot, Level

Story 6

Foundation Stone

Sewer Public Sewer

Water Public

Others

Senior Community false

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Listed by Coldwell Banker Realty - Andover
Bought with Homexe Team • Cameron Prestige, LLC

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agent

Ryan Askew

+1(508) 440-6100

Sales Associate | License ID: 9578345

Sales Associate License ID: 9578345

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