Jon Crandall - LAER Realty Partners

22 Second St, Lowell, MA 01850




Approx. GLA
Contractors ,Investors , Flippers take note this one is for you. At less than 80K per unit with renovations this property is an absolute money maker. This property will require work but the investment is well worth it! Rents are significantly below market, when at market rate this property could generate upwards of $58k per year. Plenty of on street parking and convenient to major roads. Not a short sale or foreclosure. All tenants are tenant at will. Property is being sold "as is " with all tenants in place.
Open House
No scheduled Open Houses
Area/Village: Centralville
Basement Features: Full, Interior Access
List Price: $399,000
Type: Multi-Family
Multi-Family Type: 5+ Family - 5+ Units Up/Down
Status: Contingent
Beds: 11
Baths: 5
Units: 5
Year Built: 1880
Year Round: Yes
Approx. GLA: 4,448
MLS#: 72590200
Basement: Yes
Electric Features: Circuit Breakers, 100 Amps
Rooms: 20
Lead Paint: Unknown
Total Floors: 3
Water: No
Acres: 0.10
Lot Size: 4,140.00
Lot Description: Level
Foundation: Fieldstone
Road Type: Public
Construction: Frame
Roof Material: Asphalt/Fiberglass Shingles, Rubber
Exterior: Vinyl
Water: City/Town Water
Water: City/Town Water
Short Sale Lender Approval: No
Lender Owned: No
APOD Available: No
Assessed Price: $346,600
Taxes: $4,866
Tax Year: 2019
Book/Page: 8778/24
Warranty Available: No
Beach: No
Gross Income: $33,000
Total Rent: $2,750
Amenities: Public Transportation, Shopping, Medical Facility, Laundromat, University
Disclosure Declaration: No
Disclosure: Buyers and buyers agents to verify all information. Call listing agent with any questions.
Total Rooms Bedrooms Fireplaces Floors Full Baths Half Baths Lease Levels Rent
Unit 1 4 2 0 1 1 0 No 1 $500
Unit 2 4 2 0 1 1 0 No 1 $500
Unit 3 4 2 0 2 1 0 1 $500
Unit 4 4 2 0 2 1 0 1 $500
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The listing office is LAER Realty Partners and the listing agent is John Hulett. The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and it's subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein. The data was last modified on 12/18/2018 2:44:00 PM.