120 Lakeview Ave, Lowell, MA 01850
- $799,000
- 6
- BD
- 6
- BA
- 5,040
- SqFt
- List Price
- $799,000
- Price Change
- ▼ $31,000 1782173567
- Status
- UNDER AGREEMENT
- MLS#
- 73488963
- Bedrooms
- 6
- Bathrooms
- 6
- Full Baths
- 4
- Half Baths
- 2
- Living Area
- 5,040
- Lot Size (Acres)
- 0.12
- Year Built
- 1930
Property Description
This well-positioned mixed-use asset presents a rare opportunity to acquire a diversified, income-producing property with both stability and upside. The building features two prominent street-level retail storefronts with established tenants, complemented by two one-bedroom and two two-bedroom apartments generating consistent residential income.In addition, the property includes a large rear garage/shop space, offering flexible use potential for additional rental income or owner occupancy. A significant value-add component exists in the unfinished top floor, which provides the possible opportunity to create a spacious three-bedroom unit and further increase cash flow.Each unit is separately metered for utilities, minimizing owner expenses, and the site is supported by 3–4 off-street parking spaces, a valuable amenity for both residential and commercial tenants.
Additional Information
- Taxes
- $6,134
- Parking Description
- Paved Drive
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Ben Davis from Listing Office: North Shore Realty Advisors.
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