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

14-16 2nd St Lowell, MA 01850

Contingent
16 Photos
$1,325,000
6 Unit
12 Beds
6 Baths
5400 SQFT
0.09 Acre
14-16 2nd St
Lowell, MA 01850

Property Description

Don’t miss this large six-family property located in a convenient location, just off of Bridge St. The property features many recent updates including an all new roof, 6 new heating systems, updated plumbing, updated electrical throughout, and a new sprinkler system installed in 2015. Comprised of all two-bedroom units, there have been various updates throughout, such as granite countertops, cabinets, updated bathrooms, and laundry hookups in the basement making them highly appealing to tenants. With tenancy-at-will agreements in place and strong rental income, this property will be a reliable investment for years to come.

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 6
  • Total Floors: 9
  • Total Bedrooms: 12
  • Total Full Baths: 6
  • Amenities: Laundromat, Public Transportation, Shopping
  • Basement Features: Full
  • Common Interior Features: Tile Floor
  • Common Appliances: Washer Hookup

Financial

  • APOD Available: Yes
  • Expenses Source: Owner Provided
  • Gross Operating Income: 133440
  • Gross Expenses: 12340
  • Electric Expenses: 240
  • Water/Sewer: 2000
  • INSC: 6500
  • RFS: 3600
  • Net Operating Income: 100700

Utilities

  • Heat Zones: 6
  • Utility Connections: for Electric Dryer, for Gas Range, Washer Hookup
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Included in Rent: Water
  • Under Lease: No
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1880
  • Type: 5-9 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Laminate, Tile, Vinyl
  • Lead Paint: Certified Treated
  • Warranty: No

Other Information

  • MLS ID# 73309795
  • Last Updated: 11/13/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
11/13/2024Contingent$1,325,000$245MLSPIN
11/09/2024Active$1,325,000$245MLSPIN
11/05/2024New$1,325,000$245MLSPIN

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Map & Resources

St. Michael Elementary School

Private School, Grades: PK-8

0.16mi

Middlesex Community College, F. Bradford Morse Federal Building

University

0.31mi

Lowell High School Freshman Academy

Grades: 9-12

0.34mi

Immaculate Conception School

Private School, Grades: PK-8

0.36mi

Middlesex Community College

University

0.36mi

Lowell Middlesex Academy Charter School

Charter School, Grades: 9-12

0.38mi

Middlesex Community College

Grades: 7-9

0.39mi

Middlesex Community College (Middlesex Community College)

University

0.39mi

Trend Nightclub

Bar

0.35mi

The Old Court Irish Pub And Restaurant

Bar

0.41mi

Loyal Lounge

Bar

0.46mi

Dunkin' Donuts

Donut (Fast Food)

0.38mi

Jimmy John's

Sandwich (Fast Food)

0.44mi

Green Bamboo

Restaurant

0.34mi

Rizzo's Roast Beef and Pizza

Pizza & Sandwich Restaurant

0.35mi

1981 Ramen Bar

Restaurant

0.42mi

Lowell General - Saints Campus

Hospital

0.24mi

Lowell Police Department

Police

0.53mi

Lowell Fire Department

Fire Station

0.49mi

Lowell Fire Department

Fire Station

0.57mi

Lowell Fire Department

Fire Station

0.61mi

Lowell Memorial Auditorium

Theatre

0.28mi

Boarding House Park

Theatre

0.28mi

Merrimack Repertory Theatre

Theatre

0.33mi

Middlesex Community College Merrimack Building

Theatre

0.35mi

Tsongas Industrial History Center

Museum

0.22mi

Boot Cotton Mills Museum

Museum

0.23mi

Mill Girls and Immigrants Exhibit

Museum

0.3mi

Tsongas Center

Stadium. Sports: Ice Hockey

0.46mi

Riverfront Park

State Park

0.1mi

First Street Playground

Municipal Park

0.15mi

Monsignor Keenan Park

Municipal Park

0.24mi

Kerouac Park

Municipal Park

0.25mi

Boarding House Park

Park

0.27mi

Varnum Park

Municipal Park

0.3mi

Lucy Larcom Park

Park

0.37mi

McDermott Reservoir Park

Park

0.4mi

Library

Library

0.24mi

Saints Memorial Medical Center Health Sciences Library

Library

0.29mi

The Center for Lowell History

Library

0.3mi

Health Sciences Library

Library

0.31mi

Library

Library

0.33mi

The Lowell Five Cent Savings Bank

Bank

0.36mi

Eastern Bank

Bank

0.41mi

TD Bank

Bank

0.43mi

CVS Pharmacy

Pharmacy

0.04mi

Seller's Representative: Patrick Hermans, J. Borstell Real Estate, Inc.
MLS ID#: 73309795

© 2024 MLS Property Information Network, Inc.. All rights reserved.

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 2024-11-13 16:07:00