Property Description

Great investment property for a 1031 exchange. This well kept, 5896 sq/ft 6 family sits on 9330 sq/ft of land conveniently located near UMASS Lowell. There are (3) two bedrooms and (3) three bedrooms. All units have an eat in kitchen, a family room and a single bath. 90% rent is currently guaranteed by a state program that is responsible for most repairs/damage. The building has vinyl siding, a new rubber roof two years ago, coin-op laundry and off street parking for 8 cars. Approx five years ago the prior owner invested over 100k in a state of the art, ultra efficient heating system featuring Lochinvar gas boilers and Superstor water heaters for each unit. Tenants pay all utilities. Current rents for the two bedrooms is $1250 mo and $1450 for the three bedroom units. Seller has lead compliance certificates. Buyer to honor all current lease agreements and assume all occupants. Buyer/buyer’s agent must conduct their own due diligence, verifications and research.

Fourth Ave
: Full
: Off-street , Paved Driveway
: Paved Drive , Shared Drive
Additional Info
11/24/2020 09:28:00


64 Fourth Ave, Lowell, Massachusetts, MA 01854

  • Bedrooms : 15
  • Full Bathrooms : 6
  • Square Footage: 5,898 Sqft
Basic Details
Office Name : Re/max Innovative Properties
Ref ID : 72729520
Property Type : Multi-family
Listing Type : For Sale
Price : $1,250,000
Bedrooms : 15
Rooms : 23
Full Bathrooms : 6
Square Footage : 5,898 Sqft
Year Built : 1930
Lot Area : 0.21 Acre
Listing Status : Closed
Agent info
RE/MAX Innovative Properties
81 Farmland Road, Lowell, MA 01850
Contact Agent