Lowell, MA 01850,122 11th St
Lowell, MA 01850,122 11th St
Lowell, MA 01850,122 11th St
29
$4,200,000
$4,400,000
4.5%
Est.Price: ?

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30 BD
30 BA
9,621 SqFt

122 11th St Lowell, MA 01850

Est. payment /mo
SOLD DATE : 11/16/2021

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Eric Coury

Eric Coury

The Coury Team Homes - KW ELITE

+1(508) 838-6956

Our team is ready to help you sell your home for the highest possible price ASAP

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

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Listed by J. Borstell Real Estate, Inc.
Bought with Israel Reyes • Hancock Realty Group LLC
Eric Coury

Eric Coury

Realtor - Team Manager

+1(508) 838-6956

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