Wood Street Apartments

  • Title

    Multifamily Property

  • City

    Lowell, MA

  • Price

    $7,650,000

  • Cap Rate

    5.11%

  • Gross Leasable Area

    33,550 SF

  • No. Units

    51

  • Price/SF

    $228.02

  • Price/Unit

    $150,000

  • No. Stories

    3

  • Year Built

    1972

Not found amenities.

Northeast Private Client Group is pleased to present The Wood Street Apartments, a 51-unit multifamily complex located in Lowell, Massachusetts.
The Wood Street Apartments is comprised of 2 Studios, 20 One-Bedroom, 26 Two-Bedroom, & 3 Townhouse (2-Bed, 1.5-Bath) Apartments. The roof, boiler, and water heater have all been updated in the past five years. Electricity is tenant paid.
Amenities include ample off-street parking (50+ spaces), on-site laundry, close proximity to restaurants & shops, and owner paid heat & hot water.
The Wood Street Apartments provides an investor the opportunity to raise rents, convert utilities to tenant paid, & own a well maintained property with historically strong occupancy.

 

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151 Wood Street