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101 Central St, Lowell, MA 01852$924,900

7
beds
5
baths
6157
ft2
· 2881
ft2 lot
$150 / ft2

Listing provided courtesy of Brian Quijada, EVO Real Estate Group, LLC
Source MLS PIN;
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Own a piece of Lowell here with this stately built brick building in the middle of Downtown Lowell. Two ground level retail units currently being used as a jewelry store and salon. Four residential units above, over two floors, that mirror each layout. Amazing proximity to RTE 3, I-495, Lowell Connector, Commuter Rail, Middlesex Community College, UMASS Lowell, and Lowell General Hospital. Not to mention all the bustling restaurants within walking distance. This location is prime for traffic to get the most eyes on any business! Bring your ideas to life here and start collecting rent. Current rents are under market value, ability to buy this building improve rents and increase NOI immediately.

HOA

No HOA

On market

5 months

Year built

1920

Property type

5-9 Family

Parking

MLS

73034394

Price / Sq.Ft.

$150 / ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 101 Central St

Interior Features & Layout
Appliances
•   
Kitchen Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Range
Heating & Cooling
•   
Has Heating
•   
Heating Details: Unit 1(Forced Air)
Interior Features
•   
Interior Features: Unit 1 Rooms(Other (See Remarks))
Bathrooms Info
•   
Full Baths: 4
•   
Half Baths: 2
•   
Total Bathrooms: 6
Flooring
•   
Flooring: Carpet, Varies Per Unit, Laminate, Hardwood
Rooms Info
•   
Total Rooms: 15
Property, Lot, Community & Exterior Features
Building Info
•   
Building Area Source: Public Records
•   
Building Area Units: Square Feet
•   
Basement: Full
•   
Roof: Shingle, Metal
•   
Foundation Details: Stone, Brick/Mortar
•   
Total Sq. Ft.: 6157
•   
MLS Property Type: Residential Income
•   
Number of Stories: 11
•   
Year Built Source: Public Records
•   
Construction Materials: Brick
•   
Year Built Details: Actual
Multi-Unit Info
•   
Number Of Units Total: 6
Property Features
•   
View: City View(s)
•   
View Yes/No: true
Lot Info
•   
Road Surface: Paved
•   
Zoning Type: DMU
•   
Lot Details: Corner Lot, Level
•   
Road Frontage: 10.00
•   
Lot Size Area: 2881
•   
Acres: 0.07
•   
Lot Size Units: Acres
Community Info
•   
Number Of Units In Community: 6
•   
Community Features: Highway Access, Public School, University
Utilities & Other Information
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Utility Info
•   
Utilities: for Gas Range, for Electric Range
•   
Electric: 220 Volts
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 1500
•   
Gross Income: 87600
•   
Insurance Expense: 4000
•   
Operating Expense: 14132
Listing Info
•   
Exclusions: Tenant Belongings.
Terms
•   
Terms: Seller W/Participate
Lease Info
•   
Net Operating Income: 73468
•   
Monthly Rent: 7300
Listing Details
•   
Seller Disclosure: Property is in an opportunity zone. Owner operates business out of unit in building, do not approach without a scheduled showing. All tenants at will, no leases.
•   
Status: Active
•   
Originating System Name: MLS Property Information Network
Tax/Assessment Info
•   
Tax Year: 2022
•   
Assessed Value: 491100
•   
Taxes: 6232.05
•   
APN: M:178 B:1125 L:101, 3189829
School Neighborhood & Directions
Location
•   
Zip Code: 01852
•   
Area: Downtown
•   
Zip Code +4: 1907
•   
Directions: Downtown Lowell
•   
Country: US
Other
Calculation
•   
Price Per Square Foot: 150.22

Property History for 101 Central St

09/07/2022
09/07/2022
MLS PIN #73034394
active
MLS PIN #73034394
$924,900
09/06/2022
09/06/2022
MLS PIN #73033128
active
MLS PIN #73033128
$924,900

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