Sold
12-14-16 Varney St, Lowell, MA
Lowell · MA 01854
- $1,200,000
- Price
- 11
- Beds
- 10
- Baths
- 7862
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
10 Units
Lot size:
9,148 Sq.Ft Lot
Price per square foot:
$159 / Sq.Ft
Parking:
1 Garage Space · 2 Off Street Spaces
About this home
Excellent Investment opportunity. IRS 1031 Exchange Option available. Property has been managed by same company for 35 plus years. Good Condition and Low Turnover. The property consists of two buildings: 12 Varney, which has 4 units, and 14-16 Varney, offering 6 units. With a total of 10 units generating over $10k in monthly income, which is a 9.18% Cap Rate. 14 Varney has new steam boiler installed 2020, Elec panel updated to breakers 2020, Sewer line upgraded 2023. The location is convenient, with easy access to Lowell MBTA, shopping, and a public park, as well as major highways. Additionally, the property includes a small yard, 1-car garage, 2 off-street parking and plenty of on-street parking.
Neighborhood & Transit
12-14-16 Varney St, Lowell · MA 01854
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:
- 623 days
- Listing Price:
- $1,250,000
- Price per Sq.Ft:
- $159
- Tax Assessment:
- $700,700 in 2024
- Taxes:
- $695 / Monthly
Home Facts
Interior Features
- Bedrooms
- 11
- Full Bathrooms
- 10
- Half Bathrooms
- 0
- Living Area
- 7,862 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 7862
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Unknown
Exterior Features
- Lot Size
- 9,148 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 1 Parking Space
- Off Street Parking
- 2 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl, Brick
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Paul Brouillette
- Listing office
- LAER Realty Partners
- MLS PIN #
- 73334630
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