Ann Dion
REALTOR®
BEDS14
BATHS9 full
SQUARE FEET7,565
MLS#73577771
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property 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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Heating: Natural Gas
Lot Size: 0.21 Acres
Roof Type: Shingle, Rubber
Stories: 6.0
Taxes: $10,506
Year Built: 1937
Amenities
Living Room
Kitchen
Feature Descriptions
Building Area Total: 7565
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Dwelling Type: 5-9 Family
Electric: Circuit Breakers
Exterior: Frame
Flooring: Tile, Carpet, Hardwood
HeatingY/N: 1
Lot Features: Corner Lot
Parcel Number: M:204 B:55 L:5
Parking Features: Off Street
Parking Total: 15
Patio And Porch: Deck
Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
Rooms Total: 36
Sewer: Public Sewer
Units: 9
Water: Public
Listed By / Shown By
Listed By
Agency Name: Foundation Brokerage Group
Agent Name: Kelli Gilbride
Agency Phone: 800-983-1945
Shown By
Agent Name: Ann Dion
Agent Phone: (207) 740-5881
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 6,413.41 per month $4,896.25 Principal & Interest $875.50 Property Tax $641.67 Homeowner's Insurance
3-13 Agawam St. | MLS# 73577771
This multi-family property located at 3-13 Agawam St., Lowell, MA 01852 is currently listed for sale with an asking price of $2,199,999. Search Lowell real estate on anndion.masiellogrouprealestate.com today.