122 11th St Lowell, MA SOLD

$4,200,000
Beds 30
Baths 30
Square Feet 9,621
Acres 0.53
Photo of 122 11th St Lowell MA 01850

Sold By

Israel Reyes, Hancock Realty Group LLC



Description

JBorstell Real Estate is pleased to present 11th St Apartments located at 122 11th St in Lowell. Located near the Lowell/ Dracut line, with a breakdown of studios, 1-beds and a 2-bed, this 29 unit apartment complex has high rental demand and great potential. An investor can choose to collect cashflow as-is, or do cosmetic updates throughout to get significant rent increases. The structure and systems can’t get much better than this. The property is also host to a large amount of usable basement space for management and maintenance including a storage area with racking and a carpentry shop to do maintenance work in. All inventory and equipment is negotiable. With over a dozen private parking spaces and ample on street parking, there is plenty to go around. Also attached is the property lines showing the additional lot abutting. Overall the property is in great condition with closed circuit security cameras, backup generator and an inventory of appliances and other materials.


Listed by J. Borstell Real Estate, Inc., Patrick Hermans
Sold by Hancock Realty Group LLC, Israel Reyes

Details

MLS 72872083
Status Closed
Price $4,200,000
DOM 112 days
Type Multi-Family
Beds 30
Total Baths 30 full baths
Square Feet 9,621 sqft
Lot Size 0.53 acres
Year Built 1900

Lot & Building Features

Appliances Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Refrigerator), Unit 3(Range, Refrigerator), Gas Water Heater
Construction Frame
Cooling Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
Heating Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air)
Sewer Public Sewer
Tax Year 2021
Taxes Paid $18,032
Water Public
Foundation Brick/Mortar, Stone
Exterior Features Garden, Professional Landscaping
Interior Features Lead Certification Available, Mudroom, Storage, Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen)
Roof Rubber, Shingle
Full Baths 30
Parking Off Street, Paved
Total Rooms 68
Basement Feature Concrete, Full, Partially Finished, Walk-Out Access
Garage Spaces 0

Map

Multi-Family Home for Sale: 122 11th St, Lowell, MA 01850 SOLD

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Financing

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20%
1%
6.75%
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$
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per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.