$1,250,000
12-14-16 Varney St
Lowell, MA, 01854
Excellent Investment opportunity. IRS 1031 Exchange Option available. Property has been managed by same company for 35 plus years. Good Condition and Low Turnover. The property consists of two buildings: 12 Varney, which has 4 units, and 14-16 Varney, offering 6 units. With a total of 10 units generating over $10k in monthly income, which is a 9.18% Cap Rate. 14 Varney has new steam boiler installed 2020, Elec panel updated to breakers 2020, Sewer line upgraded 2023. The location is convenient, with easy access to Lowell MBTA, shopping, and a public park, as well as major highways. Additionally, the property includes a small yard, 1-car garage, 2 off-street parking and plenty of on-street parking.
Property Details
Price:
$1,250,000
MLS #:
73334630
Status:
Pending
Beds:
11
Baths:
10
Address:
12-14-16 Varney St
Type:
Multi Family
Subtype:
5-9 Family
City:
Lowell
Listed Date:
Feb 19, 2025
State:
MA
Finished Sq Ft:
7,862
Total Sq Ft:
7,862
ZIP:
01854
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1900
Units:
10
Schools
Elementary School:
Charlotte M. El
Middle School:
Kathryn P. Stok
High School:
Lowell High
Interior
Appliances
Range, Refrigerator
Bathrooms
10 Full Bathrooms
Exterior
Community Features
Public Transportation, Park, Public School, T- Station
Parking Features
Paved Drive, Off Street, On Street, Paved
Parking Spots
2
Financial
Tax Year
2024
Taxes
$8,345
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 LAER Realty Partners. 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.
12-14-16 Varney St
Lowell, MA
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