Lowell, MA 01854,42 Mammoth Rd
Lowell, MA 01854,42 Mammoth Rd
Lowell, MA 01854,42 Mammoth Rd
15
$1,285,000
$1,250,000
2.8%
Est.Price: ?

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8 BD
8 BA
5,740 SqFt

42 Mammoth Rd Lowell, MA 01854

Est. payment /mo
SOLD DATE : 04/19/2024

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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

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Listed by Thread Real Estate, LLC
Bought with Hamza Abbas • Thread Real Estate, LLC

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James Lynch

Agent | License ID: 9510114

+1(781) 244-2863

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