$1,120,000
$1,250,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
64 Fourth Ave Lowell, MA 01854
15 Beds
6 Baths
5,898 SqFt
Key Details
Sold Price $1,120,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,898 sqft
Price per Sqft $189
MLS Listing ID 72729520
Sold Date 11/23/20
Bedrooms 15
Full Baths 6
Year Built 1930
Annual Tax Amount $6,809
Tax Year 2019
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type 5-9 Family
Property Description
Great investment property for a 1031 exchange. This well kept, 5896 sq/ft 6 family sits on 9330 sq/ft of land conveniently located near UMASS Lowell. There are (3) two bedrooms and (3) three bedrooms. All units have an eat in kitchen, a family room and a single bath. 90% rent is currently guaranteed by a state program that is responsible for most repairs/damage. The building has vinyl siding, a new rubber roof two years ago, coin-op laundry and off street parking for 8 cars. Approx five years ago the prior owner invested over 100k in a state of the art, ultra efficient heating system featuring Lochinvar gas boilers and Superstor water heaters for each unit. Tenants pay all utilities. Current rents for the two bedrooms is $1250 mo and $1450 for the three bedroom units. Seller has lead compliance certificates. Buyer to honor all current lease agreements and assume all occupants. Buyer/buyer's agent must conduct their own due diligence, verifications and research.
Location
State MA
County Middlesex
Area Pawtucketville
Zoning mf
Direction Off Mammoth Rd. Near UMASS.
Rooms
Basement Full
Interior
Interior Features Unit 1(Lead Certification Available, Internet Available - Broadband), Unit 2(Lead Certification Available, Internet Available - Broadband), Unit 3(Lead Certification Available, Internet Available - Broadband), Unit 4(Lead Certification Available, Internet Available - Broadband), Unit 1 Rooms(Living Room, Kitchen, Family Room), Unit 2 Rooms(Kitchen, Family Room), Unit 3 Rooms(Kitchen, Family Room), Unit 4 Rooms(Kitchen, Family Room)
Heating Unit 1(Hot Water Baseboard, Gas, Individual), Unit 2(Hot Water Baseboard, Gas, Individual), Unit 3(Hot Water Baseboard, Gas), Unit 4(Hot Water Baseboard, Gas)
Cooling Unit 1(Window AC), Unit 2(Window AC), Unit 3(Central Air), Unit 4(Window AC)
Flooring Vinyl, Carpet, Hardwood
Appliance Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Exterior
Utilities Available for Gas Range, for Gas Oven
Total Parking Spaces 6
Garage No
Building
Story 5
Foundation Block
Sewer Public Sewer
Water Public, Individual Meter
Read Less
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Bought with Carlos Carvajal • Century 21 North East