110 Branch Street, Unit 10 & 11, HighlandsLowell, MA 01851MLS Number 73222337

  • Sale Price: $530,000
  • 20 Days Since Sale
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Federal 30-year interest rate: 7.02% last updated on May 16, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Sold
110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851110 Branch Street, Unit 10 & 11 Lowell MA 01851
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  • 7Bedrooms
  • 3Bathrooms
  • 1895Year Built
  • 2,572Square Feet
Hands-free investment package with annual projecting gross rents of $60,000. These two condo units were converted in 2005 with hardwood floor through out. Both units have lead-paint certificates; Each unit has one deeded off-street parking. Unit 10 is just vacant and ready to rent. Unit 11 is super large(1,745 SF), the public record show it has 4 bedrooms, but it has five bedrooms with 2 full baths. Current tenant will move out before closing w/ $3200 rent. Total condo fees for both units is $738.93 per month(U10: $249.01, U11: $489.92). Both units are on the top-floor and next to each other. Owning these two units is like having two-family rental benefits without two-family maintenance troubles and expenses(condo fees pay for exteriors, water/sewer, snow & trash removal and master insurance, etc). With this high rental demand, this ~9% cap rate investment is a great way to hedge and preserve our hard earn savings. Don't forget to see the Lowell Housing Fair market rent rates.
Listed by Mei Zhou of Coldwell Banker Realty - Andover

Listing Sold by Cameron Prestige, LLC

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More Info

Basic Information

  • Contingency Inspection
  • Lot Features Corner Lot, Level
  • Mls StatusSold
  • Parcel Number 4575231
  • Rent Includes Unit 1(Water), Unit 2(Water)
  • Road Frontage DescriptionPaved

Location

  • Address110 Branch Street, Unit 10 & 11
  • Building Number110
  • CountyMiddlesex
  • NeighborhoodHighlands
  • StateMA
  • StreetBranch Street, Unit 10 & 11
  • SubdivisionHighlands
  • TownLowell
  • Zip01851

Exterior

  • RoofRubber

Property Information

  • Building Area Source Public Records
  • Living Area 2,572
  • Lot Size Units Acres
  • Road Responsibility Public Maintained Road
  • Square Feet2,572
  • View YN Yes

Tax Information

  • Tax Assessed Value $261,700
  • Tax Year 2024
  • Taxes$4,133

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms7
  • Full Bath3

Building

  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Patio And Porch Features Covered
  • Rooms11
  • Stories6
  • Units2
  • Utilities For Gas Range
  • Year Built1895
  • Year Built Details Approximate, Renovated Since
  • Year Built Source Public Records

Amenities

  • Amenities
    • Highway Access
    • Laundromat
    • Medical Facility
    • Public School
    • Public Transportation
    • Shopping
    • University
  • Appliances IncludedRange, Microwave, Refrigerator

Other

  • Buyer Agency Compensation2%
  • Date Listed04/10/2024
  • Farm Land Area Units Square Feet
  • Transaction Broker Compensation2%
  • View Count2

Parking

  • Open Parking YN Yes
  • Parking Features Off Street, On Street, Deeded
  • Parking Spaces2

Basic Information

  • List Price$529,000
  • MLS Number73222337
  • Modification Date05/16/2024
  • Property SubType2 Family - 2 Units Up/Down
  • Purchase Contract Date04/16/2024
  • Sale Date05/01/2024
  • Sale Price$530,000

Interior

  • Flooring Tile, Hardwood
  • Interior Features
    • Bathroom With Tub
    • Dining Room
    • Kitchen
    • Lead Certification Available
    • Living RM/Dining RM Combo
    • Living Room
    • Open Floorplan
    • Storage

Utilities

  • Cooling Window Unit(s)
  • Cooling YN Yes
  • Electric 110 Volts
  • Heat SystemYes
  • Heating Baseboard, Natural Gas
  • Sewer Public Sewer
  • Water Source Public

Your Local Office

Foster-Healey Real Estate, Inc. (Leominster Office)

Foster-Healey Real Estate, Inc. (Leominster Office)

50 Central Street,
Leominster, MA 01453

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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