Second Street Apartments

  • Title

    Multifamily Property for Sale

  • City

    Lowell, MA

  • Price

    $355,000

  • Cap Rate

    7.6%

  • Gross Leasable Area

    3,000 SF

  • No. Units

    6

  • Price/SF

    $118.33

  • Price/Unit

    $59,166

  • No. Stories

    2

  • Year Built

    1850

  • Lot Size

    3,338 SF

Not found amenities.

Northeast Private Client Group is pleased to present 49 2nd Street, a 6-unit multifamily property in Lowell, Massachusetts.

The Second Street Apartments is one building comprised of six studio apartments. 49 2nd Street has been recently renovated. This renovation includes a new roof, replaced windows, new electrical meters and a new furnace.

The property is located 2.5 miles away from Lowell General Hospital and 1.5 miles form UMass Lowell. The city of Lowell, MA has a population of around 110,500 citizens with a median household income of $46,972.  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.

All qualified and interested parties will have the opportunity to tour the property during scheduled appointments and obtain a current rent roll & obtain additional information upon request.

Lowell, Middlesex County, MA