122 11th St, Lowell, Massachusetts 01850

$4,400,000
30
BD
30
BA
9,621
SqFt

Listing agent Patrick Hermans from J. Borstell Real Estate, Inc.

List Price
$4,400,000
MLS#
72872083
Bedrooms
30
Bathrooms
30
Sq. Ft
9,621
Lot Size
23,201
County
Middlesex
Year Built
1900
Status
UNDER AGREEMENT

Property Description

JBorstell Real Estate is pleased to present 11th St Apartments located at 122 11th St in Lowell. Located near the Lowell/ Dracut line, with a breakdown of studios, 1-beds and a 2-bed, this 29 unit apartment complex has high rental demand and great potential. An investor can choose to collect cashflow as-is, or do cosmetic updates throughout to get significant rent increases. The structure and systems can’t get much better than this. The property is also host to a large amount of usable basement space for management and maintenance including a storage area with racking and a carpentry shop to do maintenance work in. All inventory and equipment is negotiable. With over a dozen private parking spaces and ample on street parking, there is plenty to go around. Also attached is the property lines showing the additional lot abutting. Overall the property is in great condition with closed circuit security cameras, backup generator and an inventory of appliances and other materials.

Additional Information

Days on Market
60
Taxes
$18,032
Construction
Frame
Amenities
Public Transportation, Park
Flooring
Tile, Wall to Wall Carpet, Varies Per Unit
Basement
Yes
Hotwater
Natural Gas
Lot Description
Corner
Parking Spaces
14
Acres
0.53
Price Per Sqft
$457
Disclosures
Rent Roll and Expenses are provided upon request. Lead certs for 27 of the 29 units. Buyer to do their own due diligence on the permitted use of the abutting lot.

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