Great Opportunity To Own A Six Unit Multi-Family Steps Away From UMass Lowell And Public Transportation. Five units are 5rm/3bdrm and 100% occupied. All tenants are 30 day TAW. Owner's unit, (4rm/2bdrm), will be delivered vacant at closing. Property needs updating but bones appear solid. Separate systems. Even with below market rents current cap rate is 8%, with an 11% cash on cash return.
Sold for $850,000 on 05/08/24
$850,000
125-129 Salem St, Lowell, MA 01854
17beds
6,178sqft
5+ Family - 5+ Units Up/Down
Built in 1900
-- sqft lot
$-- Zestimate®
$138/sqft
$2,509 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 10, 2024 at 05:10am
Listed by:
Raymond R. Clements,
Investment Property Advisors
Bought with:
Fedorouk & Guessous Group
Coldwell Banker Realty - Boston
Source: MLS PIN,MLS#: 73188193
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 6
- Full bathrooms: 6
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 6,178
- Total interior livable area: 6,178 sqft
Property
Lot
- Size: 2,500 sqft
- Features: Level
Details
- Parcel number: 3182459
- Zoning: UMF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Family - 5+ Units Up/Down
Materials
- Foundation: Concrete Perimeter
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lowell
HOA & financial
Other financial information
- Total actual rent: 8650
Services availability

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