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122 11th St Lowell, MA 01850
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Key Details
Sold Price $4,200,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 9,621 sqft
Price per Sqft $436
MLS Listing ID 72872083
Bedrooms 30
Full Baths 30
Year Built 1900
Annual Tax Amount $18,032
Tax Year 2021
Lot Size 0.530 Acres
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property 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.
Location
State MA
County Middlesex
Zoning m1000
Interior
Heating Unit 1(Forced Air), Unit 2(Forced Air), Unit 3(Forced Air)
Cooling Unit 1(Central Air), Unit 2(Central Air), Unit 3(Central Air)
Flooring Tile, Carpet, Varies Per Unit
Laundry Laundry Room
Exterior
Exterior Feature Professional Landscaping, Garden
Community Features Public Transportation, Park
Roof Type Shingle, Rubber
Building
Lot Description Corner Lot
Story 3
Foundation Stone, Brick/Mortar
Sewer Public Sewer
Water Public
Read Less
Bought with Israel Reyes • Hancock Realty Group LLC

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