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1149 Middlesex St
Lowell, MA 01851
Multifamily Property For Sale
·
21 Units
INVESTMENT HIGHLIGHTS
- Built in 2017
- Class A Units
- Private Parking
- Security System
EXECUTIVE SUMMARY
Immaculate 6-unit multifamily in Lowell’s Highlands, built in 2017 and just steps from UMass Lowell campus. Pride of ownership is evident throughout with tile flooring, granite countertops, stainless steel appliances, high ceilings, and custom woodwork. Each unit is separately metered for gas and electric and includes its own central heat and AC. The property is fully fenced and features off-street parking for each unit as well as security cameras monitoring the parking lot and common areas. A rare turnkey investment in a prime location with strong rental demand.
PROPERTY FACTS Under Contract
| Price Per Unit | $109,524 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 4.93% | Building Size | 4,451 SF |
| No. Units | 21 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2017 |
| Apartment Style | Low-Rise | Parking Ratio | 2.5/1,000 SF |
| Zoning | M2001 | ||
| Price Per Unit | $109,524 |
| Sale Type | Investment |
| Cap Rate | 4.93% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 4,451 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2017 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | M2001 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Granite Countertops
- Sprinkler System
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,750 | - |
| 2+1.5 | 3 | $2,500 | - |
| 2+1 | 6 | $2,300 | - |
PROPERTY TAXES
| Parcel Number | LOWE-000102-004085-001149 | Improvements Assessment | $1,024,200 |
| Land Assessment | $206,000 | Total Assessment | $1,230,200 |
PROPERTY TAXES
Parcel Number
LOWE-000102-004085-001149
Land Assessment
$206,000
Improvements Assessment
$1,024,200
Total Assessment
$1,230,200
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