42 Albion Street, Lowell, MA 01850
- $579,000
- 5
- BD
- 2
- BA
- 2,109
- SqFt
- List Price
- $579,000
- Price Change
- ▼ $30,000 1788214827
- Status
- UNDER AGREEMENT
- MLS#
- 73562555
- Bedrooms
- 5
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,109
- Lot Size (Acres)
- 0.05
- Year Built
- 1925
Property Description
Turn-key two-family investment opportunity in Lowell! This 5-bedroom, 2-bath multi-family is 2,109 square feet of living space across two spacious units. Unit 1 features 2 bedrooms and 1 bath, leased through July 2027. Unit 2 features 3 bedrooms and 1 bath with a flexible at-will tenancy, and the property can be delivered vacant if a buyer prefers. Each unit has separate utilities, its own washer and dryer connection with appliances staying, and the property offers off-street parking for two vehicles.Recent improvements include hot water tanks replaced within the last three months in both units, a partially replaced rubber roof in the rear, and fresh interior paint throughout. Combined rents total $4,670 per month, offering strong, stable cash flow with additional upside as leases turn over. Located just a mile from downtown Lowell, a short walk to public transportation, Kerouac Park, and the George McDermott Reservoir, this property is a smart addition to any investment portfolio or an excellent owner-occupant opportunity in a high-demand rental market. Don't miss this one.
Additional Information
- Taxes
- $4,775
- Interior Features
- Living Room, Dining Room
- Parking Description
- Paved Drive
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Dot Collection from Listing Office: Access.
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