Property Description
Fantastic investment opportunity 8.93% CAP RATE ! Well-maintained 7-unit building featuring six 2-room studios (approx. 450 sq. ft. each) and one 2-bedroom unit (approx. 500 sq. ft.). All separate electric and gas utilities. All new separate heating systems and hot water tanks. Roof replaced 4 years ago. Long-term tenants with rents well below market—great upside potential for investors. Prime location just a 2-minute walk to train and bus station.
Features
- Parking:
- Paved Drive
- Sewer:
- Public Sewer
- Water:
- Public
- Disclosure
- Garage Parking
- Lead Paint:
- Unknown
Additional Information
- Market Time:
- 56
- Tax Year:
- 2025
- Status:
- Closed
- Price Per Sqft:
- $273
- Zoning:
- UMU
- No Units:
- 7
- Orig Price:
- $1,100,000
- LEASE:
- No
- Waterfront:
- No
- MlsStatus:
- Sold
Address Map
- City:
- Lowell
- State:
- MA
- County:
- Middlesex
- Postal Code:
- 01851
- Longitude:
- W72° 40' 55.7''
- Latitude:
- N42° 38' 17.5''
Residential Income
28 Grand St, Lowell, Massachusetts
7 Bedrooms
7 Total Bathrooms
3,625 Sqft
$999,900
Listing ID #73456346
Basic Details
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Price :
- $999,900
- Bedrooms :
- 7
- Rooms :
- 11
- Total Bathrooms :
- 7
- Full Bathrooms :
- 7
- Square Footage :
- 3,625 Sqft
- Year Built :
- 1850
- Lot Area :
- 0.06 Acre
- Listing ID :
- 73456346
Agent info
Robb Enterprises
- Stephen E. Robb
- View website
- 617-212-0251
-
srobb@robbenterprises.com
Contact Agent