42 Mammoth Rd, Lowell, Massachusetts 01854

$1,250,000
5,740
SqFt

Listing Courtesy of : Lynda Le ---- Thread Real Estate, LLC 7289689

List Price
$1,250,000
Status
ACTIVE
MLS#
73051073
Living Area
5,740
Lot Size (Acres)
0.09
Year Built
1880

Property Description

LOCATION, LOCATION, LOCATION! 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 all units. There are 4 two bedroom units and 4 retail store fronts generating over 92K a year gross with room to increase rents and generate a cap rate of over 7%. The building features vinyl siding. Owner have made many upgrades too long to list here, including brand new 2022 roof, security cameras. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryer.

Additional Information

Taxes
$7,186
Parking Spaces
5
Buyer Agency Compensation
2%
Compensation Based On
Net Sale Price
Sub Agency Offered
No

Mortgage Calculator

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Calculator source: Real Geeks