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Julie Smith

[email protected] +1(978) 337-9644

$ 850,000

Est. payment -/mo

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Open Tue 11AM-1PM

426 Fletcher St Lowell, MA 01854

14 Beds

5.5 Baths

3,368 SqFt

OPEN HOUSE

Tue Feb 25, 11:00am - 1:00pm

UPDATED:

02/20/2025 04:33 PM

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

Acres 0.15

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

Direction Andover St. to Canal St. to Jackson St. to Fletcher St.

Interior

Interior Features Laundry Room

Appliance Washer, Dryer, Range, Refrigerator

Exterior

Community Features Public Transportation, Shopping, Park, Public School, T-Station, University

Total Parking Spaces 4

Garage No

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

Others

Senior Community false

Listed by LAER Realty Partners

Julie Smith

Advisor | License ID: 9510010

+1(978) 337-9644

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