Excellent opportunity to own a two-family property in Lowell with strong upside potential for investors or owner-occupants alike. This long-term owned property offers solid bones and several important updates already completed, including updated heating systems, newer hot water tanks, updated electrical, some newer windows, and a metal roof with transferable lifetime warranty. One unit is currently tenant-occupied at $2,000/month on a month-to-month basis, providing immediate rental income, while the other unit offers the perfect opportunity for an owner occupant to live in one side and offset costs with rental income. Property is definitely in need of rehab, cosmetic updating, and sweat equity to bring it back to its full potential, but the value-add opportunity is clear. Driveway parking, separate living spaces, and convenient access to Lowell amenities make this a great long-term investment opportunity.
63-65 Sixth St, Lowell, MA, 01850
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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