Sold
110 Branch St, Unit 10 & 11, Lowell, MA
Lowell · MA 01851
- $340,000
- 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:
$155 / Sq.Ft
Parking:
2 Off Street Spaces
About this home
Hands-free investment package with annual projecting gross rents of $47,400. 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 has a long term tenant of more than 4 years, she keeps the unit neat and pay rents on time. Unit 11(1,745 SF) was just completed fresh painted with hardwood flooring sanded and painted, two brand new vanity, public record show it has 4 bedrooms, but it has five bedrooms with master bath. Total condo fees of both units is $546 per month($184 and $362). Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for roof, exteriors, water/sewer and master insurance). With this low mortgage rate and rising inflation, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings.
Neighborhood & Transit
Highlands
110 Branch St, Unit 10 & 11, Lowell · MA 01851
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 1651 days
- Listing Price:
- $399,900
- Price per Sq.Ft:
- $155
- Tax Assessment:
- $261,700 in 2021
- Taxes:
- $294 / 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: $184.00; unit 11: 1745 sqft; monthly condo fee: $362.00
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- Unknown
- Flooring
- Unknown
- Lead paint
- Unknown
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
- Unknown
- 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 #
- 72912118
- Disclosure
- unit 10: 827 sqft; monthly condo fee: $184.00; unit 11: 1745 sqft; monthly condo fee: $362.00