Multi-Family for Sale: 110 Branch St, Unit 10 & 11, Lowell, MA 01851 SOLD

7 beds
3 full baths
2,572 sqft
$530,000
$530,000
110 Branch St, Unit 10 & 11, Lowell, MA 01851 SOLD
7 beds
3 full baths
2,572 sqft
$530,000
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Selling Price: $530,000
Original List Price: $529,000
Sold at 100.2% of list price
Sold Date: 05/15/2024

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Type Multi-Family
Beds 7
Total Baths 3 full baths
Square Feet 2,572 sqft
Year Built 1895
City Lowell
County Middlesex
MLS 73222337
Status Closed
DOM 35 days
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.

Lot & Building Features

Appliances Microwave, Refrigerator, Range
Construction Frame
Cooling Window Unit(s)
Heating Baseboard, Natural Gas
Sewer Public Sewer
Tax Year 2024
Taxes Paid $4,133
Water Public
Foundation Stone
Interior Features Bathroom With Tub, Storage, Open Floorplan, Living Room, Living RM/Dining RM Combo, Lead Certification Available, Kitchen, Dining Room
Roof Rubber
Full Baths 3
Parking Deeded, On Street, Off Street
Total Rooms 11
Garage Spaces 0

Price History of 110 Branch St, Unit 10 & 11, Lowell, MA

Date Name Price Difference
04/10/2024 Listing Price $530,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 110 Branch St, Unit 10 & 11, Lowell, MA

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Photo of Dina Melanson
Dina Melanson
Realtor
Direct: 802-839-8247
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Coldwell Banker Realty - Andover, Mei Zhou
Sold by Cameron Prestige, LLC, Homexe Team
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Listing information courtesy of: Coldwell Banker Realty - Andover

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