110 Branch St, Unit 10 & 11 Lowell, MA 01851
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$2,414Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.
| 4 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Status changed to Pending | |
| 3 weeks ago | Status changed to Active Under Contract | |
| 4 weeks ago | Listing first seen online |
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Data Last Updated at 2024-05-06 11:15 AM UTC
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