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101 Central Street

Lowell, MA 01851
  • $975,000
  • STATUS: Active
  • MLS #: 72974246
$975,000
  • 7
    BEDS
  • N/A
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 6,157
    SQFT
  • $158
    $/SQFT
Neighborhood:
Downtown
Type:
Multi-Family
Built:
1920
County:
Middlesex
Area:
Downtown

School Ratings & Info

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Listing courtesy of Andrew James of J. Borstell Real Estate, Inc..

Description

Be part of the Downtown Lowell transformation with this mixed use multi family, located just a block away from the university hotel. This six unit property consist of four fully rented apartments and two commercial units. Easy access to 495 and the recently renovated Lowell commuter rail with plenty of nearby restaurants and shops within walking distance. Lots of potential for this brick building to produce cash flow with the diversity of residential and commercial units under the same roof. With rents well below fair market value you have the opportunity to step in and increase cashflow from the start.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-19T00:10:32.353.
www.welchmanrealestate.com/homes/128216987
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101 Central Street Lowell, MA 01851

  • Price: $975,000
  • Status: Active
  • On Site: Days
  • MLS #: 72974246
7
Beds
6
Baths
0
½ Baths
N/A
Acres
6,157
SQFT
$158
$/SQFT
1920
Built
Neighborhood:
Downtown
County:
Middlesex
Area:
Downtown
Property Description
Be part of the Downtown Lowell transformation with this mixed use multi family, located just a block away from the university hotel. This six unit property consist of four fully rented apartments and two commercial units. Easy access to 495 and the recently renovated Lowell commuter rail with plenty of nearby restaurants and shops within walking distance. Lots of potential for this brick building to produce cash flow with the diversity of residential and commercial units under the same roof. With rents well below fair market value you have the opportunity to step in and increase cashflow from the start.
Exterior Features

Beachfront No Construction Brick Exterior Brick Exterior Features Handicap Access Foundation Poured ConcreteFieldstone Lot Description Stream Parking Features On Street Without Permit Parking Spaces 0 Road Type Public Roof Material Asphalt/Fiberglass ShinglesMetal Water View Features River Waterfront Flag No Waterview Flag Yes

Interior Features

Appliances Unit1 RangeRefrigerator Appliances Unit2 RangeRefrigerator Appliances Unit3 RangeRefrigerator Appliances Unit4 RangeRefrigerator Basement Yes Basement Features FullDirt Floor Bedrooms Unit1 2 Bedrooms Unit2 1 Bedrooms Unit3 2 Bedrooms Unit4 2 Fireplaces 1 Fireplaces Unit1 1 Fireplaces Unit2 0 Flooring Wood Floors Unit1 2 Floors Unit2 2 Floors Unit3 3 Floors Unit4 3 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heating Unit1 Forced Air Heating Unit2 Forced Air Heating Unit3 Electric Heating Unit4 Forced Air Hot Water Natural Gas Levels 3 Levels Unit1 1 Levels Unit2 1 Levels Unit3 1 Levels Unit4 1 Rooms 16 Rooms Description Unit1 Living RoomKitchen Rooms Description Unit2 Living RoomKitchen Rooms Description Unit3 Living RoomKitchen Rooms Description Unit4 Living RoomKitchen Rooms Unit1 4 Rooms Unit2 3 Rooms Unit3 4 Rooms Unit4 4

Property Features

Amenities Public TransportationShoppingHighway Access Apod Available No Assessments 454900.00 Disclosure No Gross Operating Income 50400 Lead Paint Unknown Lease Unit1 N Lease Unit2 N Lease Unit3 N Lease Unit4 N Lender Owned No Multifamily Type 5+ Family - 5+ Units Up/Down Net Operating Income 50400 Rent Description Unit1 Water Rent Description Unit2 Water Rent Description Unit3 Water Rent Description Unit4 Water Rent Unit1 1200 Rent Unit2 1000 Rent Unit3 1000 Rent Unit4 1000 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Includes Basement No Sq Ft Source Public Record Tax Year 2021 Taxes 6122.95 Utility Connections For Electric RangeFor Electric Oven Water City/Town Water Year Built Description Actual Year Built Source Public Record Year Round Yes Zoning Dmu

Listing information © 2022 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Andrew James of J. Borstell Real Estate, Inc..


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2022-05-19T00:10:32.353.
 
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Listing courtesy of Andrew James of J. Borstell Real Estate, Inc..