$520,000
$525,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
42 Albion St Lowell, MA 01850
5 Beds
2 Baths
2,109 SqFt
Key Details
Sold Price $520,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,109 sqft
Price per Sqft $246
MLS Listing ID 73296426
Sold Date 01/10/25
Bedrooms 5
Full Baths 2
Year Built 1925
Annual Tax Amount $4,375
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Description
Fantastic investment opportunity in Lowell! This multi-family property offers two units, perfect for owner occupancy or adding to an investor's portfolio. Unit 1: 2 bedrooms, 1 bath Unit 2: 3 bedrooms, 1 bath. Each unit features separate utilities and offers off-street parking for convenience. Located just 4 minutesfrom the T and a short walk to the bus stop, commuting is a breeze. Enjoy being 1 mile from downtown Lowell, a 10-minute walk to Kerouac Park and George McDermott Reservoir. With tenants currently at will and paying below market rents, there is significant potential for increased cash flow. Lowell's low vacancy rate of only 3.75% makes this a great investment opportunity! Don't miss out on this excellent multi-family property in a prime location. Some TLC needed reflective of the listing price.
Location
State MA
County Middlesex
Zoning TMF
Direction Use GPS from your location
Rooms
Basement Unfinished
Interior
Interior Features Walk-Up Attic, Heated Attic, High Speed Internet, Bathroom With Tub, Open Floorplan, Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
Heating Forced Air
Cooling Window Unit(s)
Appliance Range, Refrigerator, Washer, Dryer, Microwave
Exterior
Exterior Feature Balcony/Deck
Fence Fenced
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
Roof Type Shingle
Total Parking Spaces 2
Garage No
Building
Lot Description Level
Story 3
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
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Bought with Dot Collection • Access