Off Market
237 Branch St, Lowell, MA
Lowell · MA 01851
- $1,399,900
- Price
- 7
- Beds
- 9
- Baths
- 5528
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
9 Units
Lot size:
7,739 Sq.Ft Lot
Price per square foot:
$253 / Sq.Ft
Parking:
10 Off Street Spaces
About this home
What we have here is an investors dream!! This unique opportunity presents a 9 unit, turn key building that includes 7 one bedroom units, 1 studio unit, and a high traffic barber shop on the 1st floor! Rough and projected estimates are included in the listing. The current rents are as follows: 1 bedroom rents- 4 units at $1,400, 1 unit at $1,200, 2 units at $1000, 1 studio unit at $1000 (TAW), and the barber shop pays $1,500/mo. All 7 one bedroom leases end in March of 2024, the barber shop has a 5 year lease and has been there for 7 years. The studio apt is tenant at will. Gross income is $130K and net income is approximately $95K. This is a great opportunity for an investor or 1031 exchange. It has off street parking for 10 cars, and is located conveniently to many different amenities. A group showing by appointment only will be held on Saturday 8/12 from 10 am -12:30pm. Please call the listing agent to make an appointment for Saturday between those hours or if you have any questions
Neighborhood & Transit
237 Branch St, 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:
- 1182 days
- Listing Price:
- $1,399,900
- Price per Sq.Ft:
- $253
- Tax Assessment:
- $501,400 in 2023
- Taxes:
- $519 / Monthly
Home Facts
Interior Features
- Bedrooms
- 7
- Full Bathrooms
- 9
- Half Bathrooms
- 0
- Living Area
- 5,528 Sq.Ft (Includes Basement)
- Broker Disclosure about Living Area
- buyers and buyers agents do all due diligence.
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4146
- Flooring
- Unknown
- Lead paint
- Unknown
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- 100 Amps
Exterior Features
- Lot Size
- 7,739 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 10 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
- Mike Pettoruto
- Listing office
- William Raveis R.E. & Home Services
- MLS PIN #
- 73146112
- Disclosure
- With the exception of the rents for each unit, all financials are projected, or estimates. Sq footage is approximate. buyers and agents please do all due diligence
- Disclosure
- buyers and buyers agents do all due diligence.