317 Nesmith St, Lowell, MA, 01852
Property Details
7
6
multi family
Description
Multi Family in Lowell, MA - Bedrooms: 7 - Bathrooms: 6 - Area: 3131 sqft - Year Built: 1920 - Lot: 2613 sqft
Listing Agent: Nick Cowden Brokerage: Compass
Very well maintained building with stabilized rents and performing at a 7.6% cap rate. This turn-key investment property is ready for the its next owner. Located in the Belvidere neighborhood of Lowell, this building is convenient to parks, public transit, highways and downtown Lowell. Featuring 4 - 1 bedroom / 1 bathroom units and 1 - 3 bedroom / 2 bathroom unit. All units have a nice, open, layout and have been updated with stone counter tops, luxury vinyl plank flooring, clean kitchens and bathrooms, and fresh paint. This building has an on-site coin operated washer / dryer for additional income, a high efficiency gas boiler, an indirect hot water tank, no onsite parking to worry about and a small, easy to maintain, backyard. Don't miss out on the best income producing multi family investment property on the market in Lowell today!
Location
Address
317 Nesmith St, Lowell, MA, 01852
City
Lowell
Features and Finishes
Bedrooms: 7, Total Rooms: 18, Basement Features: Partial, Total Bathrooms: 6, Full Bathrooms: 6, Laundry Room, Lot Description: Sloped, Lot Size Acres: 0.0599862, Lot Size Square Feet: 2613, Gross Income: 112200, Number of Units: 5, Community Features: Public Transportation, Shopping, Highway Access, Annual Tax Amount: 8348, City Region: Belvidere, Source Listing Status: Active, County: Middlesex, Directions: Use GPS, Tax Year: 2026, Source Property Type: Residential Income, Home Warranty: No, Area: Belvidere, Source Neighborhood: Belvidere, Parcel Number: 3194892, Zoning: TMF, Property Subtype: 5-9 Family, Net Operating Income: 112200, Total Square Feet Living: 3131, Year Built: 1920, Above Grade Finished Area: 3131, Building Area Total: 3131, Building Area Units: Square Feet, Foundation Details: Concrete Perimeter, Levels: 5, Property Age: 106, Levels or Stories: 5, Building Total Stories: 5, Year Built Details: Approximate, Year Built Source: Public Records, Sewer: Public Sewer, Wat
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