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16-18 Walnut Street, Lowell, MA 01852

11 Bed, 5 Bath Multi-Family Home For Sale

16-18 Walnut Street, Lowell, MA 01852 House For Sale - MLS #72494116
$689,000
11
5
Multi-Family
5+ Family
5

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Property Description for 16-18 Walnut Street, Lowell, MA 01852

GROUP SHOWING: SUNDAY, AUGUST 4, 2019 AT 12 NOON ** With Gross Annual Income of over $57,000 and a Cap Rate of 7%, this investment is safer with greater returns than the stock market. Located just off the Lowell Connector, this 5 Units property is fully rented with long term tenants who pay their own utilities. The property comes with Delead certificate. Sale includes a lot at 15 Auburn St. Don't miss this investment opportunity in a fast growing City with Major Construction Projects underway including a New Court House is being built, new Lord Overpass roadway redesign, Thorndike Street Widening, Thorndike Exchange at 165 Thorndike Street and Hamilton Canal Innovation District, to name a few.

Interior Details

5,148 sq. ft.
$133.84/sq. ft.

Exterior Details

0.07 acres
2,970 sq. ft.
12

Other Details

72494116
1900

Units Description

Unit #1
Rooms: 3      Bedrooms: 1      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $770     

Unit #2
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 1      Rent: $900     

Unit #3
Rooms: 3      Bedrooms: 1      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $780     

Unit #4
Rooms: 4      Bedrooms: 2      Full / Half Baths: 1      Levels: 1      Floor: 2      Rent: $950     

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Monthly Mortgage Payments

$3,130
$4,359

MBTA> Stations Stops

Lowell
0.35 miles
North Billerica
3.31 miles

Town Description

The City of Lowell is the fourth largest city in the Commonwealth of Massachusetts and its strategic location at the intersections of Routes 495, 93 and 3, provides excellent access to all points of...

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