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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,951 sqft
Price per Sqft $186
MLS Listing ID 73226027
Sold Date 06/07/24
Bedrooms 4
Full Baths 3
Year Built 1910
Annual Tax Amount $5,917
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
Located at 215 Mount Hope St in Lowell, MA, this multi-family property presents a prime investment opportunity. With two or more units, it offers versatile accommodation options. The property features a total of four bedrooms and three baths, providing comfortable living spaces. Its proximity to Umass Lowell enhances its appeal, attracting potential tenants from the university community. A notable advantage is that tenants are responsible for paying utilities, which can contribute to positive cash flow. Additionally, there is a garage available for rent, offering an additional income stream for the property owner. Through due diligence, including viewing and financial analysis, this might be the right investment for you. Overall, this property holds promise for investors seeking a profitable venture in the Lowell area. Group showing 5/1/24 at 1230pm
Location
State MA
County Middlesex
Zoning TTF
Direction Riverside to Mount Hope
Rooms
Basement Full, Unfinished
Interior
Flooring Carpet, Hardwood
Basement Type Full,Unfinished
Exterior
Garage Spaces 1.0
Community Features Public Transportation
Roof Type Shingle
Total Parking Spaces 1
Garage Yes
Building
Lot Description Corner Lot
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Saurabh Calla • Fathom Realty MA
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Ryan Askew
Sales Associate | License ID: 9578345
Sales Associate License ID: 9578345