110 Branch St, Unit 10 & 11, Lowell, (Highlands), MA, 01851
11 rooms
7 beds
3 Full baths
1895
2,572 sqft
Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.
Status:
Pending
Town:
Lowell
Type:
Multi-family
Units:
2
Zoning:
NA
Heating:
Baseboard, Natural Gas
Cooling:
Window Unit(s)
Levels:
6
Parking:
2-car Off Street, On Street, Deeded
Est. Taxes:
$4,133
Assessment
$261,700
Construction
Frame
Utilities
for Gas Range
Lot Description:
Corner Lot, Level
View Description:
City View(s)
Amenities:
Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, Public School, University
Appliances:
Range, Microwave, Refrigerator
MLS #:
73222337
Buyer Agent Compensation:
2%%
Facilitator Compensation:
2%%
Compensation Based On:
Net Sale Price
Sub-Agency Relationship Offered:
No
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Mei Zhou, Coldwell Banker Realty - Andover Phone: 978-475-2201