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Key Details
Sold Price $985,000
Property Type Multi-Family
Sub Type 4 Family - 4 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 4,482 sqft
Price per Sqft $219
MLS Listing ID 73225373
Sold Date 07/01/24
Bedrooms 14
Full Baths 5
Half Baths 1
Year Built 1880
Annual Tax Amount $8,309
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Great opportunity for the buyer of this fully tenanted four-family in the Acre. All four units currently occupied on leases, with a total monthly rent roll of $9,450.00. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Unit electric panels are in each apartment. Owner has made extensive upgrades to the building during his ownership. During this time, he's installed furnaces, upgraded the electrical and plumbing as necessary, installed two rubber roofs and a sprinkler system. All units have had a cosmetic overhaul over the last year, including paint and flooring. This is a well maintained property by an active owner, therefore no deferred maintenance. All units are lead compliant w/certificates of deleading in hand. Location is on public transit and within a short distance of all area amenities. This is a quality property with a strong rental history and rents. Nothing to do but take ownership and reap the rewards.
Location
State MA
County Middlesex
Zoning TMF
Direction Pawtucket St. to Mt. Washington St. Building is at the bottom of Mt. Washington St. by Varney St.
Rooms
Basement Unfinished
Interior
Flooring Varies
Basement Type Unfinished
Exterior
Community Features Public Transportation, Shopping, Highway Access, House of Worship, Private School, Public School, T-Station, University
Utilities Available Varies per Unit
Roof Type Shingle,Rubber
Total Parking Spaces 7
Garage No
Building
Lot Description Gentle Sloping
Story 6
Foundation Other
Sewer Public Sewer
Water Public
Schools
Elementary Schools Lowell Public
Middle Schools Lowell Public
High Schools Lowell Public
Others
Senior Community false
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Bought with Edward Maccaro • Heritage Realty Associates
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Ryan Askew
Sales Associate | License ID: 9578345
Sales Associate License ID: 9578345