$1,799,000 ($255.61 per sqft)

Pending

Est. Mortgage $9,097/mo *

Quick Pre-Approval

115 Salem St, Lowell, MA, 01854

115 Salem St, Lowell, MA, 01854

35 rooms

17 beds

8 Full baths

1900

7,038 sqft

Here’s an incredible opportunity to purchase a well-maintained 8-unit building located near UML's East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.


Status:

Pending

Type:

Multi-family

Laundry Remarks:

Electric Dryer Hookup, Washer Hookup

Units:

8

Zoning:

UMF

Heating:

Electric, Unit Control

Levels:

10

Parking:

2-car, Paved Drive, Off Street, On Street, Paved

Acreage:

0.09

Est. Taxes:

$10,041

Assessment

$843,100

Construction

Frame

Utilities

for Electric Dryer, Washer Hookup

Lot Description:

Level

Amenities:

Public Transportation, Shopping, Highway Access, Public School, University, Sidewalks

Appliances:

Range, Microwave, Refrigerator, Freezer

MLS #:

73304464

Compensation Based On:

Net Sale Price

Sub-Agency Relationship Offered:

No


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of Jack Mantville, J. Borstell Real Estate, Inc. Phone: 978-502-8045