426 Fletcher St Open House Save Request In-Person Tour Request Virtual Tour
Lowell,MA 01854
OPEN HOUSE
Tue Feb 25, 11:00am - 1:00pm
Key Details
Property Type Multi-Family
Sub Type 5+ Family - Rooming House
Listing Status Active
Purchase Type For Sale
Square Footage 3,368 sqft
Price per Sqft $252
MLS Listing ID 73334641
Bedrooms 14
Full Baths 5
Half Baths 1
Year Built 1870
Annual Tax Amount $4,987
Tax Year 2024
Lot Size 6,534 Sqft
Property Sub-Type 5+ Family - Rooming House
Property Description
Great Investment Opportunity with option for IRS 1031 Tax Deferred Exchange for Qualified Investor. Across from South Common in a prime location.14-unit rooming house with 2 units w/ private baths, 12 tenants sharing 3 &1/2 bathroom facilities. All utilities are included in the rent. The building is well-maintained and conveniently located near public transportation, shopping, and easy highway access. Cap Rate: 11.51%. Sprinkler system installed 1994, two new hot water tanks installed 2/5/25, two holding tanks installed in 2022 and new vinyl sided in 2022. 4 off-street parking and plenty of on-street parking. Good Condition, Well maintained & Low turnover, Property managed by same Company for 45 years. Unique Opportunity. Showings start with Open House on Tuesday, February 25th from 11AM-1PM.
Location
State MA
County Middlesex
Zoning TMF
Exterior
Community Features Public Transportation,Shopping,Park,Public School,T-Station,University
Building
Lot Description Corner Lot
Story 4
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Charlotte M.
Middle Schools Kathryn P. Stok
High Schools Lowell High