Price Reduced 5.15%
317 Nesmith St., Lowell, (Belvidere), MA, 01852
18 rooms
7 beds
6 Full baths
1920
3,131 sqft
Very well maintained building with stabilized rents and performing at a true 8% cap rate with room to improve. This turn-key investment property is bringing in over $112,000 in annual gross rents and is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!
Status:
Active
Town:
Lowell
Type:
Multi-family
Units:
5
Zoning:
TMF
Basement:
Partial
Levels:
5
Acreage:
0.06
Est. Taxes:
$8,348
Assessment
$735,500
Lot Description:
Sloped
Amenities:
Public Transportation, Shopping, Highway Access
MLS #:
73484860
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Nick Cowden, Compass 781-534-9229