Lowell Portfolio

  • Title

    Multifamily Property

  • City

    Lowell, MA

  • Price

    $1,795,000

  • Cap Rate

    7.9%

  • Gross Leasable Area

    19,737 SF

  • No. Units

    15

  • Price/SF

    $90.95

  • Price/Unit

    $119,667

  • No. Stories

    3

Not found amenities.

Northeast Private Client Group is please to present the Lowell Portfolio. The portfolio is comprised of three multifamily buildings and one mixed-use building in the Centralville area of Lowell, MA.

287-299 West Sixth Street is a seven unit mixed-use property. The building is comprised of four residential units on the upper levels, two 4 bedroom and two three bedroom units, and 3 commercial units on the ground floor. The property features a repaired rubber roof and tenant paid gas. The residential units have recently had there kitchens and bathrooms remodeled.

687-689 Lakeview Ave is a three unit multifamily property comprised of three four bedroom apartments. The residential units have recently had there kitchens and bathrooms remodeled.

242-244 Ludlam Ave is a three unit multifamily property comprised of two three bedrooms and one one bedroom apartment. The building has recently undergone updates.

34-36 Lilley Ave is a two unit multifamily property comprised of a three bedroom unit and a five bedroom unit. The residential units have recently had there kitchens and bathrooms remodeled as well as updates to the rest of the unit.

The properties are located within 1.5 miles of Lowell General Hospital and 1 mile of UMass Lowell. The city of Lowell, MA has a population of around 110,500 citizens with a median household income of $46,972. Of the population, it is estimated that 27,000 are students attending UMass Lowell and Middlesex Community College. A new investor can realize the upside by continuing to increase rents to market levels.

Lowell, Middlesex County, MA

Lowell Portfolio Offering Memo