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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

    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.

    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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