For more information regarding the value of a property, please contact us for a free consultation.
42 Mammoth Rd Lowell, MA 01854
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,285,000
Property Type Multi-Family
Sub Type 5-9 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,740 sqft
Price per Sqft $223
MLS Listing ID 73207318
Sold Date 04/19/24
Bedrooms 8
Full Baths 8
Year Built 1880
Annual Tax Amount $5,549
Tax Year 2023
Lot Size 3,920 Sqft
Acres 0.09
Property Description
LOCATION, LOCATION, LOCATION! Rare opportunity to own a turnkey mixed use investment in downtown Lowell. Situated on a main street with high visibility, which is perfect for commercial spaces. Located next to TD bank and McDonald’s, Domino’s, gas station, church and near elementary school and LGH hospital. Less than a 6 minute drive or 20 minute walk to Umass Lowell. Near Lowell MBTA commuter rail and highway. Potential to put your own business in one of the 4 commercial spaces and own the whole building. Or just collect rent from the 4 two bedroom units and 4 (used as 3) retail store fronts generating over 120K a year gross with room to increase rents and generate a cap rate of over 7.6%. The building features vinyl siding. Recent upgrades included brand new 2022 roof, back deck security cameras, and more. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryers in unit.
Location
State MA
County Middlesex
Zoning NB
Direction GPS
Rooms
Basement Unfinished
Exterior
Waterfront false
Total Parking Spaces 5
Garage No
Building
Story 10
Foundation Stone
Sewer Public Sewer
Water Public
Others
Senior Community false
Read Less
Bought with Hamza Abbas • Thread Real Estate, LLC