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

$340,000
7
BD
3
BA
2,572
SqFt
Sold Price
$340,000
List Price
$399,900
Status
SOLD
MLS#
72912118
Bedrooms
7
Bathrooms
3
Full Baths
3
Living Area
2,572
Year Built
1895

Property Description

Hands-free investment package with annual projecting gross rents of $47,400. 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 has a long term tenant of more than 4 years, she keeps the unit neat and pay rents on time. Unit 11(1,745 SF) was just completed fresh painted with hardwood flooring sanded and painted, two brand new vanity, public record show it has 4 bedrooms, but it has five bedrooms with master bath. Total condo fees of both units is $546 per month($184 and $362). Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for roof, exteriors, water/sewer and master insurance). With this low mortgage rate and rising inflation, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings.

Additional Information

Area
Highlands
Taxes
$3,522
Interior Features
Unit 1(Lead Certification Available,Storage,Bathroom With Tub,Open Floor Plan), Unit 2(Lead Certification Available,Bathroom With Tub), Unit 1 Rooms(Kitchen,Living RM/Dining RM Combo), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
Parking Description
Off Street, On Street, Deeded
Lot Description
Corner Lot, Level
View
City View(s)
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Mei Zhou from Listing Office: Coldwell Banker Realty - Andover.

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