Roger Street Apartments

  • Title

    Multifamily Property for Sale

  • City

    Lowell, MA

  • Price

    $575,000

  • Cap Rate

    8.56%

  • Gross Leasable Area

    6,300 SF

  • No. Units

    9

  • Price/Unit

    $63,888

  • No. Stories

    2

  • Property Type

    Multifamily

  • Year Built

    1920

Not found amenities.

Northeast Private Client Group is pleased to present the Rogers Street Apartments. This property is a 9- unit multifamily property in two buildings. The unit mix is as follows: 2 one-bedrooms, 6 two-bedrooms, and 1 three-bedroom apartment. All 9 units are 100% occupied.
The buildings includes three extra income off-street garage spaces as well as on-site laundry. Both buildings are lead compliant and have certificates for all units except for one. All 9 units are tenant paid heat and hot water. The buildings has a mix of electric and gas heat. The property has been well maintained, and the seller has done numerous capital repairs in the last 8 years including new roofs, new tilted windows, new water heaters, and updated porches.

Lowell, Middlesex County, MA