This Property is No Longer Available
90-100 Appleton St., Lowell, MA 01852
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$2,900,000
21 Unit
28 Beds
21 Baths
15412 SQFT
0.17 Acre

Property Description

Investors should consider this rare opportunity: a free-standing brick building in Downtown Lowell, seldom on the market, featuring 21 residential units over 15,460 sq/ft. The property boasts 14 one-bedroom and 7 two-bedroom units, all well-maintained with amenities like gas cooking, ceiling fans, tiled baths, some with open floor plans and city views, in-building laundry, among others. This investment promises to yield excellent rents for its future owner for years ahead. Financial details can be provided upon request. Presently, the building is fully occupied, highlighting the numerous benefits of owning such an investment property.

Property Details tap to expand

Building Information

  • Total Units: 21
  • Total Floors: 8
  • Total Bedrooms: 28
  • Total Full Baths: 21
  • Amenities: Highway Access, House of Worship, Medical Facility, Park, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Full, Interior Access
  • Common Rooms: Family Room, Kitchen, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans
  • Common Appliances: Range, Refrigerator
  • Common Heating: Central Heat, Extra Flue, Gas, Heat Pump, Hot Water Radiators, Humidifier, None, Other (See Remarks), Steam
  • Common Cooling: None

Financial

  • APOD Available: No
  • Gross Operating Income: 236400
  • Gross Expenses: 7704
  • GSE: 14527
  • Electric Expenses: 2840
  • Water/Sewer: 7704

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Energy Features: Insulated Doors, Insulated Windows
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Heat, Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5+ Family - 5+ Units Up/Down
  • Construction Type: Brick
  • Foundation Info: Granite
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Shingle, Slate
  • Flooring Type: Laminate, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73284001
  • Last Updated: 12/09/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/21/2024Under Agreement$2,900,000$188MLSPIN
09/07/2024Contingent$2,900,000$188MLSPIN
09/07/2024Active$2,900,000$188MLSPIN
09/03/2024New$2,900,000$188MLSPIN

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Seller's Representative: Spiro Skinsacos, LAER Realty Partners
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2024-12-09 17:00:00

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