$850,000
426 Fletcher St
Lowell, MA, 01854
Great Investment Opportunity with option for IRS 1031 Tax Deferred Exchange for Qualified Investor. Across from South Common in a prime location.14-unit rooming house with 2 units w/ private baths, 12 tenants sharing 3 &1/2 bathroom facilities. All utilities are included in the rent. The building is well-maintained and conveniently located near public transportation, shopping, and easy highway access. Cap Rate: 11.51%. Sprinkler system installed 1994, two new hot water tanks installed 2/5/25, two holding tanks installed in 2022 and new vinyl sided in 2022. 4 off-street parking and plenty of on-street parking. Good Condition, Well maintained & Low turnover, Property managed by same Company for 45 years. Unique Opportunity.
Property Details
Price:
$850,000
MLS #:
73334641
Status:
Pending
Beds:
14
Baths:
5.5
Address:
426 Fletcher St
Type:
Multi Family
Subtype:
5+ Family – Rooming House
City:
Lowell
Listed Date:
Feb 19, 2025
State:
MA
Finished Sq Ft:
3,368
Total Sq Ft:
3,368
ZIP:
01854
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1870
Units:
14
Schools
Elementary School:
Charlotte M.
Middle School:
Kathryn P. Stok
High School:
Lowell High
Interior
Appliances
Washer, Dryer, Range, Refrigerator
Bathrooms
5 Full Bathrooms, 1 Half Bathroom
Exterior
Community Features
Public Transportation, Shopping, Park, Public School, T- Station, University
Parking Spots
4
Financial
Tax Year
2024
Taxes
$4,987
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.
426 Fletcher St
Lowell, MA
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