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$ 995,000
Est. payment /mo
Price Dropped by $54K
317 Nesmith St. Lowell, MA 01852
7 Beds
6 Baths
3,131 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,131 sqft
Price per Sqft $317
MLS Listing ID 73484860
Bedrooms 7
Full Baths 6
Year Built 1920
Annual Tax Amount $8,348
Tax Year 2026
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type 5-9 Family
Property Description
Very well maintained building with stabilized rents and performing at a true 8% cap rate with room to improve. This turn-key investment property is bringing in over $112,000 in annual gross rents and is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!
Location
State MA
County Middlesex
Area Belvidere
Zoning TMF
Direction Use GPS
Rooms
Basement Partial
Interior
Interior Features Laundry Room
Exterior
Community Features Public Transportation, Shopping, Highway Access
Garage No
Building
Lot Description Sloped
Story 5
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Compass
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