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125-129 Salem Lowell, MA 01854
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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 6,178 sqft
Price per Sqft $137
MLS Listing ID 73188193
Bedrooms 17
Full Baths 6
Year Built 1900
Annual Tax Amount $8,500
Tax Year 2023
Lot Size 2,613 Sqft
Property Sub-Type 5+ Family - 5+ Units Up/Down
Property Description
Great Opportunity To Own A Six Unit Multi-Family Steps Away From UMass Lowell And Public Transportation. Five units are 5rm/3bdrm and 100% occupied. All tenants are 30 day TAW. Owner's unit, (4rm/2bdrm), will be delivered vacant at closing. Property needs updating but bones appear solid. Separate systems. Even with below market rents current cap rate is 8%, with an 11% cash on cash return.
Location
State MA
County Middlesex
Zoning UMF
Building
Lot Description Level
Story 11
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
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Bought with Fedorouk & Guessous Group • Coldwell Banker Realty - Boston
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