Sold
110 Branch St, Lowell, MA
Lowell · MA 01851
- $530,000
- Price
- 7
- Beds
- 3
- Baths
- 2572
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1895
Units:
2 Units
Price per square foot:
$206 / Sq.Ft
Parking:
2 Off Street Spaces
About this home
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.
Neighborhood & Transit
Highlands
110 Branch St, Lowell · MA 01851
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
-
Lowell Commuter Rail 1 route 0.39 mi
- Lowell Line
Price Insight
- Days on Market:
- 938 days
- Listing Price:
- $529,000
- Price per Sq.Ft:
- $206
- Tax Assessment:
- $261,700 in 2024
- Taxes:
- $344 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 3
- Half Bathrooms
- 0
- Living Area
- 2,572 Sq.Ft
- Broker Disclosure about Living Area
- unit 10: 827 sqft; monthly condo fee: $249.01.00; unit 11: 1745 sqft; monthly condo fee: $489.92.00
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 2572
- Flooring
- Unknown
- Lead paint
- Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 110 Volts
Exterior Features
- Lot Size
- 0 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 2 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Mei Zhou
- Listing office
- Coldwell Banker Realty - Andover
- MLS PIN #
- 73222337
- Disclosure
- Seller never lives there.
- Disclosure
- unit 10: 827 sqft; monthly condo fee: $249.01.00; unit 11: 1745 sqft; monthly condo fee: $489.92.00
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