$1,799,000
115 Salem St
Lowell, MA, 01854
Here’s an incredible opportunity to purchase a well-maintained 8-unit building located near UML’s East Campus. This property features seven 2-bedroom units and one 3-bedroom unit, all currently occupied with tenants at will. The building underwent a comprehensive gut renovation in 2010, during which all utilities were updated. This extensive renovation included the replacement of plumbing, electrical systems, insulation, roofing, siding, windows, kitchens, bathrooms, and more, ensuring a modern and efficient living environment. Additionally, the owner installed fire alarm and sprinkler systems throughout the building for enhanced safety. Tenants are responsible for their own utilities and enjoy convenient on-site laundry services with access to two washers and two dryers. With its prime location, under market rents and extensive upgrades, this building is a fantastic investment opportunity for all types of buyers.
Property Details
Price:
$1,799,000
MLS #:
73304464
Status:
Active Under Contract
Beds:
17
Baths:
8
Address:
115 Salem St
Type:
Multi Family
Subtype:
5-9 Family
City:
Lowell
Listed Date:
Oct 21, 2024
State:
MA
Finished Sq Ft:
7,038
Total Sq Ft:
7,038
ZIP:
01854
Lot Size:
3,920 sqft / 0.09 acres (approx)
Year Built:
1900
Units:
8
Schools
Interior
Appliances
Range, Microwave, Refrigerator, Freezer
Bathrooms
8 Full Bathrooms
Flooring
Vinyl, Carpet, Stone/ Ceramic Tile
Heating
Electric, Unit Control
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior
Community Features
Public Transportation, Shopping, Highway Access, Public School, University, Sidewalks
Construction Materials
Frame
Parking Features
Paved Drive, Off Street, On Street, Paved
Parking Spots
2
Roof
Rubber
Financial
Tax Year
2024
Taxes
$10,041
Marie Andrews is an award-winning, licensed real estate broker with licenses in Massachusetts and Florida. She has been selling real estate in the greater Boston area for over 20 years. Over the past two decades, Marie has worked for Century 21 Advanced Realty, building a reputation as a multi-million dollar producer. She has developed an extensive network of investors, lenders, and attorneys. Marie has a wide knowledge base on property management, Massachusetts real estate law, and building…
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Courtesy of J. Borstell Real Estate, Inc.. 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.
115 Salem St
Lowell, MA
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