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You are here:
Home Massachusetts Lowell Multi-Family Homes for Sale

244-246 Concord Street Lowell, MA 01852

Contingent
9 Photos
$1,100,000
6 Unit
14 Beds
6 Baths
6359 SQFT
0.10 Acre
244-246 Concord Street
Lowell, MA 01852

Property Description

Located in Lowell, Massachusetts, this multifamily property is well positioned in-between three major highways and offers quick and convenient access to downtown Boston in just 40 minutes via the commuter rail. The property consists of 6 units across +/- 6,300 SF, featuring a mix of one- and three- bedroom units that range in size between 700 and 1,000 square feet. The property features two off-street tandem style parking spaces and outdoor space in the rear of the building for its residents to enjoy. 244-246 Concord Street represents a value-add opportunity for both investors and end users through unit renovations and upgrades to common areas.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 14
  • Total Full Baths: 6
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 127920
  • Gross Expenses: 45384
  • INSC: 7900
  • Repairs & Maintenance: 6000
  • RFS: 4546
  • Management Fee: 3690
  • Net Operating Income: 75480

Utilities

  • Electric Info: Other (See Remarks)
  • Energy Features: Other (See Remarks), Varies per Unit
  • Utility Connections: Outdoor Gas Grill Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 5-9 Family
  • Foundation Info: Other (See Remarks)
  • Flooring Type: Other (See Remarks)
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73218840
  • Last Updated: 04/24/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/24/2024Contingent$1,100,000$173MLSPIN
04/06/2024Active$1,100,000$173MLSPIN
04/02/2024New$1,100,000$173MLSPIN

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View Breakdown

Seller's Representative: Kevin Benzinger, Boston Realty Advisors
Sub Agent Compensation: n/a
Buyer Agent Compensation: 1.5
Facilitator Compensation: 0
Compensation Based On: Gross/Full Sale Price
Sub-Agency Relationship Offered: No

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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.

MLS PIN data last updated at 2024-04-24 15:15:00