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110 Branch St, Unit 10 & 11

Lowell, MA 01851
  • $399,900
  • STATUS: Under Agreement
  • MLS #: 72912118
Pending
UPDATED: 52 min ago
$399,900
  • 7
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,572
    SQFT
  • $155
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1895
County:
Area:

School Ratings & Info

Listing courtesy of Mei Zhou of Coldwell Banker Realty - Andover.

Description

Hands-free investment package with annual projecting gross rents of $47,400. 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 has a long term tenant of more than 4 years, she keeps the unit neat and pay rents on time. Unit 11(1,745 SF) was just completed fresh painted with hardwood flooring sanded and painted, two brand new vanity, public record show it has 4 bedrooms, but it has five bedrooms with master bath. Total condo fees of both units is $546 per month($184 and $362). Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for roof, exteriors, water/sewer and master insurance). With this low mortgage rate and rising inflation, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-12-05T21:07:48.973.
www.parrottrealtygroup.com/homes/122699397
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110 Branch St, Unit 10 & 11 Lowell, MA 01851

  • Price: $399,900
  • Status: Under Agreement
  • On Site: Days
  • Updated: 52 min ago
  • MLS #: 72912118
7
Beds
3
Baths
0
½ Baths
N/A
Acres
2,572
SQFT
$155
$/SQFT
1895
Built
Neighborhood:
Highlands
County:
Middlesex
Area:
Highlands
Property Description
Hands-free investment package with annual projecting gross rents of $47,400. 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 has a long term tenant of more than 4 years, she keeps the unit neat and pay rents on time. Unit 11(1,745 SF) was just completed fresh painted with hardwood flooring sanded and painted, two brand new vanity, public record show it has 4 bedrooms, but it has five bedrooms with master bath. Total condo fees of both units is $546 per month($184 and $362). Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for roof, exteriors, water/sewer and master insurance). With this low mortgage rate and rising inflation, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings.
Exterior Features

Beachfront No Color Light Grey Construction Frame Exterior Vinyl Exterior Features Covered Patio/Deck Foundation Fieldstone Foundation Size Normal Lot Description CornerCity View(S)Level Parking Features Off-StreetOn Street PermitDeeded Parking Spaces 2 Road Type PublicPavedPublicly Maint. Roof Material Rubber Waterfront Flag No Waterview Flag No

Interior Features

Appliances Unit1 RangeMicrowaveRefrigerator Appliances Unit2 RangeRefrigerator Basement No Bedrooms Unit1 2 Bedrooms Unit2 5 Cooling Unit1 Window Ac Cooling Unit2 Window Ac Fireplaces 0 Fireplaces Unit1 0 Fireplaces Unit2 0 Flooring TileHardwood Floors Unit1 3 Floors Unit2 3 Full Baths Unit1 1 Full Baths Unit2 2 Half Baths Unit1 0 Half Baths Unit2 0 Heat Units 2 Heat Zones 2 Heating Unit1 Hot Water BaseboardGas Heating Unit2 Hot Water BaseboardGas Hot Water Natural GasTank Interior Features Unit1 Cable Tv AvailableLead Certification AvailableStorageTile FloorHardwood FloorsBathroom With TubOpen Floor Plan Interior Features Unit2 Cable Tv AvailableLead Certification AvailableTile FloorHardwood FloorsBathroom With Tub Levels 2 Levels Unit1 1 Levels Unit2 1 Rooms 11 Rooms Description Unit1 KitchenLiving Rm/Dining Rm Combo Rooms Description Unit2 Living RoomDining RoomKitchen Rooms Unit1 5 Rooms Unit2 6

Property Features

Amenities Public TransportationShoppingMedical FacilityLaundromatHighway AccessPublic SchoolUniversity Apod Available No Assessments 261700.00 Contingency Type Pending P&S Disclosure No Disclosures Seller Never Lives There. Electric Features 110 Volts Gross Operating Income 0 Lead Paint Certified Treated Lease Unit1 Y Lease Unit2 N Lender Owned No Multifamily Type 2 Family - 2 Units Up/Down Net Operating Income 0 Rent Description Unit1 Water Rent Description Unit2 Water Rent Unit1 1200 Rent Unit2 0 Sewer City/Town Sewer Short Sale Lender App Required No Sq Ft Disclosures Unit 10: 827 Sqft; Monthly Condo Fee: $184.00; Unit 11: 1745 Sqft; Monthly Condo Fee: $362.00 Sq Ft Source Public Record Tax Year 2021 Taxes 3522.00 Utility Connections For Gas Range Water City/Town Water Year Built Description ApproximateRenovated Since Year Built Source Public Record Year Round Yes Zoning Na

Listing information © 2021 MLS Property Information Network. All information is deemed reliable but should be independently verified.
Listing provided courtesy of Mei Zhou of Coldwell Banker Realty - Andover.


The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Data last updated 2021-12-05T21:07:48.973.
 
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Parrott Realty Group | Keller Williams Gateway Realty
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Nashua NH, 03063
Listing courtesy of Mei Zhou of Coldwell Banker Realty - Andover.