Multi-Family for Sale: 110 Branch St, Unit 10 & 11, Lowell, MA 01851 SOLD

7 beds
3 full baths
2,572 sqft
$530,000
$530,000
110 Branch St, Unit 10 & 11, Lowell, MA 01851 SOLD
7 beds
3 full baths
2,572 sqft
$530,000
Remove from
FavoritesAdd to
Favorites		 Add to
Trip Map		 Hide Share or
Email
Selling Price: $530,000
Original List Price: $529,000
Sold at 100.2% of list price
Sold Date: 05/15/2024

Get Pre-Approved

Type Multi-Family
Beds 7
Total Baths 3 full baths
Square Feet 2,572 sqft
Year Built 1895
City Lowell
County Middlesex
MLS 73222337
Status Closed
DOM 35 days
Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.

Lot & Building Features

Appliances Microwave, Refrigerator, Range
Construction Frame
Cooling Window Unit(s)
Heating Baseboard, Natural Gas
Sewer Public Sewer
Tax Year 2024
Taxes Paid $4,133
Water Public
Foundation Stone
Interior Features Bathroom With Tub, Storage, Open Floorplan, Living Room, Living RM/Dining RM Combo, Lead Certification Available, Kitchen, Dining Room
Roof Rubber
Full Baths 3
Parking Deeded, On Street, Off Street
Total Rooms 11
Garage Spaces 0

Price History of 110 Branch St, Unit 10 & 11, Lowell, MA

Date Name Price Difference
04/10/2024 Listing Price $530,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Open new tab for directions to this property
Map of 110 Branch St, Unit 10 & 11, Lowell, MA

Location Map Street View

Inquire about this property

Photo of Mitchell Zahn
Direct: 603-554-2051
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Coldwell Banker Realty - Andover, Mei Zhou
Sold by Cameron Prestige, LLC, Homexe Team
$
20%
1%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Browse By Area
MLS PIN

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty - Andover

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.