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Middlesex Street Apartments 915-921 Middlesex St 6 Unit Apartment Building $1,175,000 ($195,833/Unit) 7.73% Cap Rate Lowell, MA 01851
INVESTMENT HIGHLIGHTS
- 6-Unit Multifamily Property
- 3-Two Bedroom, 2-Three Bedroom, and 1-Four Bedroom Units
- 3-Two Bedroom, 2-Three Bedroom, and 1-Four Bedroom Units
- True Value Add Opportunity
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present the Middlesex Multifamily located at 915 Middlesex St in Lowell, MA.
This 5,676 SF multifamily property consists of 3 two bedroom, 2 three-bedroom & 1 four-bedroom units. Tenants are responsible for their utilities & there are two off-street parking spaces. An investor would have the ability to add value by making interior renovations & increasing rents to market level.
All interested and qualified parties will have the opportunity to obtain additional information and walk the premises upon request.
This 5,676 SF multifamily property consists of 3 two bedroom, 2 three-bedroom & 1 four-bedroom units. Tenants are responsible for their utilities & there are two off-street parking spaces. An investor would have the ability to add value by making interior renovations & increasing rents to market level.
All interested and qualified parties will have the opportunity to obtain additional information and walk the premises upon request.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $1,175,000 | Apartment Style | Low-Rise |
| Price Per Unit | $195,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 7.73% | Building Size | 4,650 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.43/1,000 SF |
| Zoning | TMF | ||
| Price | $1,175,000 |
| Price Per Unit | $195,833 |
| Sale Type | Investment |
| Cap Rate | 7.73% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,650 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 0.43/1,000 SF |
| Zoning | TMF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | LOWE-000120-004085-000915 | Improvements Assessment | $563,400 |
| Land Assessment | $116,500 | Total Assessment | $679,900 |
PROPERTY TAXES
Parcel Number
LOWE-000120-004085-000915
Land Assessment
$116,500
Improvements Assessment
$563,400
Total Assessment
$679,900
CONTACTS
-
Drew Kirkland -
Francis Saenz -
James Casey -
Patrick Wheeler -
Anthony Rakauskas -
Northeast Private Client Group
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Middlesex Street Apartments | 915-921 Middlesex St
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