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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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3-13 Agawam St. , Lowell, MA 01852
$2,199,999
Est. Payment: $4,888.89/mo
14 Bed
9 Bath
7565 Sqft
Status: New | Days on site: 0
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AN7081 - CN203444
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House Description

Fantastic opportunity for the savvy investor! This 9-unit investment property consists of two buildings situated on one lot: a two unit building plus a larger building containing seven additional units. An excellent opportunity for a 1031 exchange or for an investor looking to add a substantial income producing property to their portfolio. Current rents support approximately an 8.5% cap rate.The property consists of five 2-bedroom units, two 1-bedroom units, one 4-bedroom unit, and one commercial space, currently occupied by a hair salon. The property benefits from a strong history of long term tenancy, with some tenants having occupied their units for as long as 25 years. Additional improvements include updated furnaces and water heaters. The seller has Letters of Lead Compliance and has also had the locks keyed so that one key provides access throughout the property, simplifying management. An added bonus is a large workshop/office space designated exclusively for owner access, providing valuable space for property management, storage, maintenance supplies, or a private workspace. A massive parking lot with approximately 15 parking spaces provides ample off-street parking for tenants and the commercial space. A rare opportunity to acquire a sizable, established rental property with strong income potential. Call today to schedule your private showing!

Highlights

Listed by Kelli Gilbride , 978-866-2174 Foundation Brokerage Group , 800-983-1945.

Property Type

Multi-Family

Lot/Acreage
0.21

Year Built

1937

County

Middlesex

Listing ID

73577771

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:14
  • Bathrooms:9
  • Full Bathrooms:9
Floor:Tile,Carpet,Hardwood
Other:
  • Additional:Living Room, Kitchen
Water:Public

Exterior Features

Lot:Corner Lot
Garage Capacity:15
Zoning:TMU
Roof:Shingle,Rubber
Sewer:Public Sewer
Parking Features:Off Street,Parking Spaces: 15
Principal Interest
$4,889
Taxes
$876

Home Price

$2,199,999

Loan Details

30 yrs
%

Down Payment

20%
$440,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,888.89 $875.50 $0.00 $5,764.39
Yearly $58,666.64 $10,506.00 $0.00 $69,172.64
Total $1,759,999.20 $315,180.00 $0.00 $2,075,179.20

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Lowell, MA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.