64 Fourth Ave Lowell, MA 01854

Great investment property for a 1031 exchange. This well kept, 5896 sq/ft 6 family sits on 9330 sq/ft of land conveniently located near UMASS Lowell. There are (3) two bedrooms and (3) three bedrooms. All units have an eat in kitchen, a family room and a single bath. 90% rent is currently guaranteed by a state program that is responsible for most repairs/damage. The building has vinyl siding, a new rubber roof two years ago, coin-op laundry and off street parking for 8 cars. Approx five years ago the prior owner invested over 100k in a state of the art, ultra efficient heating system featuring Lochinvar gas boilers and Superstor water heaters for each unit. Tenants pay all utilities. Current rents for the two bedrooms is $1250 mo and $1450 for the three bedroom units. Seller has lead compliance certificates. Buyer to honor all current lease agreements and assume all occupants. Buyer/buyer's agent must conduct their own due diligence, verifications and research.