94-282-23 W 6th & High & Ralph St, Lowell, MA 01850
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$1,999,900
9 Unit
26 Beds
9 Baths
6850 SQFT
0.29 Acre

Property Description

Terrific investment opportunity to own 5 buildings, 9 residential units, Cap Rate 7.07%. 94-96-98 W 6th St has 3 buildings on 2 lots. 94 is a single family. 96 is a two family. 98 is a single family with 2 car driveway and small back yard. 94 & 98 consists of Section 8 lease tenancies. 96-1 is a TAW. 96 -2 is vacant. 282 High St is a front and back duplex, small private yard, 2 car on-street parking. Lower belvedere location. easy access to downtown shopping and highways as well as Shed Park. Front unit is brick frame, and rear unit is wood frame Constuction. 23 Ralph has 2 TAW and 1 vacant 1-bedroom unit. Vinyl windows, vinyl sidings, 2 off street parking. 2nd and 3rd unit share heating system. Properties are being sold "as is, where is" and subject to current tenancies. Properties may be sold individually. See MLS#73318114; MLS# 73318111 and MLS# 73318112. OPEN HOUSE on Friday, December 27th from 10:30 am until 12:30 pm.

Property Details tap to expand

Building Information

  • Total Units: 9
  • Total Floors: 7
  • Total Bedrooms: 26
  • Total Full Baths: 9
  • Common Appliances: Range, Refrigerator

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 189996
  • Gross Expenses: 48596
  • Net Operating Income: 141000

Utilities

  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Electric, Gas, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Unit 2 Description

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

Unit 3 Description

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

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 2

Construction

  • Year Built: 1880
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Lead Paint: Certified Treated, Yes
  • Warranty: No

Other Information

  • MLS ID# 73318610
  • Last Updated: 12/24/24

Property History tap to expand

Date Event Price Price/Sq Ft Source
12/24/2024New$1,999,900$292MLSPIN
12/24/2024New$899,900$252MLSPIN

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Seller's Representative: Paul Brouillette, 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 2024-12-24 13:23:00