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Home Massachusetts Lowell Multi-Family Homes for Sale

128-130 Mt. Washington Street Lowell, MA 01854

$950,000
4 Unit
14 Beds
6 Baths
4482 SQFT
0.21 Acre
128-130 Mt. Washington Street
Lowell, MA 01854

Property Description

Great opportunity for the buyer of this fully tenanted four-family in the Acre. All four units currently occupied on leases, with a total monthly rent roll of $9,450.00. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Unit electric panels are in each apartment. Owner has made extensive upgrades to the building during his ownership. During this time, he's installed furnaces, upgraded the electrical and plumbing as necessary, installed two rubber roofs and a sprinkler system. All units have had a cosmetic overhaul over the last year, including paint and flooring. This is a well maintained property by an active owner, therefore no deferred maintenance. All units are lead compliant w/certificates of deleading in hand. Location is on public transit and within a short distance of all area amenities. This is a quality property with a strong rental history and rents. Nothing to do but take ownership and reap the rewards.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 4
  • Total Floors: 6
  • Total Bedrooms: 14
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Amenities: Highway Access, House of Worship, Private School, Public School, Public Transportation, Shopping, T-Station, University
  • Basement Features: Unfinished Basement

Financial

  • APOD Available: No
  • Gross Operating Income: 113400
  • Net Operating Income: 113400

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: Varies per Unit
  • 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: 2

Unit 3 Description

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

Unit 4 Description

  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 4 Family - 4 Units Up/Down
  • Construction Type: Aluminum, Frame
  • Foundation Info: Other (See Remarks)
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles, Rubber
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73225373
  • Last Updated: 04/23/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
04/23/2024Contingent$950,000$212MLSPIN
04/21/2024Active$950,000$212MLSPIN
04/17/2024New$950,000$212MLSPIN

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Seller's Representative: Brian Donoghue, Universal Property Management
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2%
Facilitator Compensation: 0
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 2024-04-23 19:13:00