Property Description

Owner occupied and investors take note! This 3-family property in Lowell's Back Central neighborhood is a fantastic opportunity. With long-term, at-will tenants in place and below-market rents, there's great potential for future value appreciation. A brand-new roof (January 2025) was just installed, separate utilities per unit, and common use front patio. The property also features off-street parking for 4 cars, a backyard, with a prime location near local amenities, highways, and the commuter rail. Don't miss out on this promising investment! Showings start at open house.

Property Details tap to expand

Building Information

  • Total Units: 3
  • Total Floors: 6
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: House of Worship, Laundromat, Medical Facility, Park, Public School, Public Transportation, University
  • Basement Features: Concrete Floor, Partial, Sump Pump, Unfinished Basement, Walk Out
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Expenses Source: Not Available
  • Gross Operating Income: 60000
  • Net Operating Income: 79200

Utilities

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

Unit 1 Description

  • Under Lease: No
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone, Irregular
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Tile, Vinyl / VCT, Wall to Wall Carpet
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73333176
  • Last Updated: 02/13/25
  • Terms: Contract for Deed, Rent w/Option

Property History tap to expand

Date Event Price Price/Sq Ft Source
02/13/2025Contingent$685,900$252MLSPIN
02/10/2025Active$685,900$252MLSPIN
02/06/2025New$685,900$252MLSPIN
02/20/2020Sold$515,000$201MLSPIN
01/15/2020Under Agreement$499,900$195MLSPIN
01/02/2020Contingent$499,900$195MLSPIN
12/30/2019Extended$499,900$195MLSPIN
09/30/2019Active$499,900$195MLSPIN
09/30/2019Active$529,900$207MLSPIN

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Seller's Representative: Giselle Pajazetovic, Pajazetovic & Company
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 2025-02-13 14:14:00

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