110 Branch St, Unit 10 & 11 Lowell, MA 01851
Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyMiddlesex
- Taxes$4,133
- HOA/Condo/Coop Fees$0
- Days on Site28 Days
- MLS StatusPending
- MLS ID Number73222337
- Home Size Source Public Records
- Year Built1895
- Lot Size0 Acres
- Full Baths3
- Partial BathsN/A
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General Features
- Construction Frame
- Parking Off StreetOn StreetDeeded
- Parking Spaces 2
- Sewer Public Sewer
- Number of Stories 6
- Acreage 0
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 0
- Foundation Stone
- Zoning NA
- Buyer Agent Compensation 2%
- Facilitator Compensation 2%
- Compensation Based On Net Sale Price
- Sub-Agency Relationship Offered No
- Garage 0
- Parking Features Off StreetOn StreetDeeded
- Electricity 110 Volts
Interior Features
- Cooling Window Unit(s)
- Heating BaseboardNatural Gas
- Appliances RangeMicrowaveRefrigerator
- Flooring TileHardwood
- Interior Lead Certification AvailableStorageBathroom With TubOpen FloorplanKitchenLiving RM/Dining RM ComboLiving RoomDining Room
- Fireplaces 0
- Fireplace No
- Interior Features Lead Certification AvailableStorageBathroom With TubOpen FloorplanKitchenLiving RM/Dining RM ComboLiving RoomDining Room
Exterior Features
- Roof Rubber
- View City View(s)
- Spa No
- Waterfront Property No
- Lot Corner LotLevel
- Patio And Porch Covered
- Lot Features Corner LotLevel
Community Features
- Community Features Public TransportationShoppingMedical FacilityLaundromatHighway AccessPublic SchoolUniversity
- Senior Community No
- MLS Area Highlands
- Adult Care Community No