8 Cherry St, Lowell, MA 01852
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$1,200,000
6 Unit
12 Beds
6 Baths
4334 SQFT
0.05 Acre

Property Description

A straight forward 6 family with many recent updates and renovations. All units are 2 bedrooms with four units already rented out. Many recent updates include kitchens, flooring, bathrooms, systems, electrical, fire alarm monitoring, security cameras and more. Parking on Chapel and Linden St as well as public transportation within walking distance from the building. One long term tenant at below market rent and two vacant units with many recent updates. The other three occupied units also with recent extensive renovations. This provides the opportunity for a new investor to rent out the vacant units and raise the rent on the below market unit for instant value added.

Property Details tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 11
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Highway Access, Laundromat, Park, Public Transportation
  • Basement Features: Full
  • Common Rooms: Kitchen, Living Room
  • Common Heating: Gas, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No
  • Gross Operating Income: 69600
  • Net Operating Income: 69600

Utilities

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

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 2 Description

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

Construction

  • Year Built: 1920
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73361237
  • Last Updated: 04/17/25

Property History tap to expand

Date Event Price Price/Sq Ft Source
04/17/2025New$1,200,000$277MLSPIN
06/07/2022Sold$960,000$222MLSPIN
03/23/2022Under Agreement$850,000$196MLSPIN
03/10/2022Contingent$850,000$196MLSPIN
03/04/2022Active$850,000$196MLSPIN

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Seller's Representative: Eric DiNicola, Winterspring Real Estate, LLC
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 2025-04-17 18:05:00