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110 Branch St, Unit 10 & 11, 
Lowell, MA 01851

$530,000


7

Beds


3

Baths


2,572

Sq Ft


Multi-Family

Sold

Listed by

Mei Zhou

978-475-2201

MLS#

73222337

Source:

MLSPIN

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About This Home

110 Branch St, Unit 10 & 11

Hands-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.

Home Facts

Multi-Family

3 Baths

7 Bedrooms

Built in 1895

Price Summary

529,000

$205 per Sq. Ft.

MLS #:

73222337

Sold:

May 15, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,572 Sq. Ft.


Structure

Structure

Building Area:

2,572 Sq. Ft.

Year Built:

1895


Finances & Disclosures

Finances

Price:

$529,000

Price per Sq. Ft:

$205 per Sq. Ft.

110 Branch St, Unit 10 & 11
Source:MLSPIN
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