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Lowell 25 unit Portfolio Multifamily 5 Multifamily Properties Offered at $7,700,000 in Lowell, MA



INVESTMENT HIGHLIGHTS
- The Location in relationship in Umass North campus is perfect. Fully tenanted
EXECUTIVE SUMMARY
Comprising six buildings strategically located in a prime area near North Campus, the Lowell Portfolio presents an exceptional investment opportunity. This portfolio consists of 25 units, featuring a total of 70 bedrooms and 27 bathrooms, making it a sought-after choice for potential tenants. The diversity of unit layouts accommodates a range of lifestyles, attracting families, students, and professionals alike.
The exteriors of the properties have been maintained exceptionally well, reflecting pride of ownership and commitment to quality. Well-manicured and attractive curb appeal enhance the overall aesthetic, creating an inviting atmosphere for residents and visitors. One standout property within this portfolio is located at 124-126 University Ave, which underwent a complete renovation in 2011. This building boasts modern amenities, including gas-forced hot air and central units, ensuring comfort and efficiency for its occupants.
Additionally, the portfolio's strategic location means that residents enjoy easy access to a wealth of amenities, including shopping, dining, and recreational facilities. With all properties situated within walking distance to North Campus, commuting is a breeze, further increasing the desirability of the units. The vibrant neighborhood fosters a sense of community, making it an ideal place for residents to call home.
Investing in the Lowell Portfolio not only offers a solid foundation for growth but also a unique opportunity to build upon a legacy of excellence in property management. With its combination of well-maintained properties, convenient location, and diverse unit offerings, this portfolio is poised for continued success and profitability.
The exteriors of the properties have been maintained exceptionally well, reflecting pride of ownership and commitment to quality. Well-manicured and attractive curb appeal enhance the overall aesthetic, creating an inviting atmosphere for residents and visitors. One standout property within this portfolio is located at 124-126 University Ave, which underwent a complete renovation in 2011. This building boasts modern amenities, including gas-forced hot air and central units, ensuring comfort and efficiency for its occupants.
Additionally, the portfolio's strategic location means that residents enjoy easy access to a wealth of amenities, including shopping, dining, and recreational facilities. With all properties situated within walking distance to North Campus, commuting is a breeze, further increasing the desirability of the units. The vibrant neighborhood fosters a sense of community, making it an ideal place for residents to call home.
Investing in the Lowell Portfolio not only offers a solid foundation for growth but also a unique opportunity to build upon a legacy of excellence in property management. With its combination of well-maintained properties, convenient location, and diverse unit offerings, this portfolio is poised for continued success and profitability.
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$530,795
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $530,795 |
PROPERTY FACTS
| Price | $7,700,000 | Status | Under Contract |
| Price / SF | $215.25 / SF | Number of Properties | 5 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.15% | Total Building Size | 35,772 SF |
| Sale Type | Investment | Total Land Area | 0.41 AC |
| Price | $7,700,000 |
| Price / SF | $215.25 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.15% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 35,772 SF |
| Total Land Area | 0.41 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 170-172 Riverside St, Lowell, MA 01854 | Multifamily | 9,850 SF | 1880 | - |
| 124 University Ave, Lowell, MA 01854 | Multifamily | 7,785 SF | 1880 | - |
| 162-164 Riverside St, Lowell, MA 01854 | Multifamily | 6,350 SF | 1930 | - |
| 35 Gershom Ave, Lowell, MA 01854 | Multifamily | 6,010 SF | 1930 | - |
| 19 Gardner Ave, Lowell, MA 01854 | Multifamily | 5,777 SF | 1890 | - |
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Lowell 25 unit Portfolio Multifamily
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