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Adam Dow

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

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31-33 Bourne St , Lowell, MA 01852
$887,500
Est. Payment: $1,972.22/mo
9 Bed
3 Bath
3900 Sqft
Status: Under Agreement | Days on site: 8
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AN7528 - CN250534
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House Description

Well-maintained 3-unit multifamily offering in Lowell’s established South Lowell neighborhood, featuring three spacious 3BR/1BA apartments and approximately 3,900 SF of living area. Two of the three units will be delivered vacant and move-in ready at closing, offering immediate flexibility for an investor or owner-occupant to lease, occupy, or further improve. Recent capital improvements include a newer EPDM rubber roof (2022), refinished hardwood flooring, new luxury vinyl plank flooring, updated bathroom vanities, and newer appliances in the first- and second-floor units. Additional features include in-unit washer/dryer hookups, usable yard space, separately metered forced hot-air gas heating, and updated electrical service, helping minimize landlord-paid utility expenses. Additional value-add potential may exist to reconfigure existing 3BR layouts into 4BR units, subject to applicable approvals and permitting. Conveniently located near Downtown Lowell with quick access to the Lowell Connector, Route 3, I-495, LRTA service, MBTA commuter rail, shopping, dining, parks, and major employment and educational centers. A compelling opportunity combining immediate vacancy, recent improvements, efficient utilities, and long-term income-growth potential.

Highlights

Listed by Michael Alvarez , 617-329-9493 Alvarez Real Estate Group LLC , 617-329-9493.

Property Type

Multi-Family

Lot/Acreage
0.09

Year Built

1910

County

Middlesex

Area

South Lowell

Listing ID

73565786

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Range, Microwave, Refrigerator
Floor:Hardwood
Other:
  • Additional:Living Room, Dining Room, Kitchen
Water:Public

Exterior Features

Garage Capacity:0
Zoning:TTF
Roof:Rubber
Others:
  • Additional:Balcony/Deck
Sewer:Public Sewer
Principal Interest
$1,972
Taxes
$639

Home Price

$887,500

Loan Details

30 yrs
%

Down Payment

20%
$177,500
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Monthly Price:
$1,972.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,972.22 $639.00 $0.00 $2,611.22
Yearly $23,666.67 $7,668.00 $0.00 $31,334.67
Total $710,000.00 $230,040.00 $0.00 $940,040.00

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.