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Home Massachusetts Lowell Multi-Family Homes for Sale

110 Branch St, Unit 10 & 11 Lowell, MA 01851

$529,000
2 Unit
7 Beds
3 Baths
2572 SQFT
0.00 Acre
110 Branch St, Unit 10 & 11
Lowell, MA 01851

Property Description

Hands-free investment package with annual projecting gross rents of $60,000. 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 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 6
  • Total Bedrooms: 7
  • Total Full Baths: 3
  • Amenities: Highway Access, Laundromat, Medical Facility, Public School, Public Transportation, Shopping, University
  • Common Rooms: Dining Room, Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub, Lead Certification Available, Storage, Tile Floor
  • Common Appliances: Microwave, Range, Refrigerator
  • Common Heating: Extra Flue, Gas, Gas, Heat Pump, Hot Air Gravity, Hot Water Baseboard

Financial

  • APOD Available: No

Utilities

  • Heat Zones: 2
  • Electric Info: 110 Volts, On-Site
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1895
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73222337
  • Last Updated: 04/18/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/18/2024Contingent$529,000$206MLSPIN
04/14/2024Active$529,000$206MLSPIN
04/10/2024New$529,000$206MLSPIN
11/15/2023Canceled$299,900$180MLSPIN
09/19/2023Under Agreement$299,900$180MLSPIN
09/05/2023Contingent$299,900$180MLSPIN
09/05/2023Active$299,900$180MLSPIN
09/01/2023New$299,900$180MLSPIN

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View Breakdown

Seller's Representative: Mei Zhou, Coldwell Banker Realty - Andover
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 2%
Compensation Based On: Net 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 2024-04-18 13:46:00