103 Powell Street, Lowell MA 01851
About this home
Great opportunity for the buyer of this fully tenanted four-family in the Highlands. All four units currently occupied, two on leases and two are TAW, with a total monthly rent roll of $6990.00. All units are separately metered and tenants are responsible for payment of own electric, heat, hot water and cooking. Unit electric panels and hot water tanks are in the basement. Each unit has its own heating system(s). This is a well maintained property by an active owner, therefore no deferred maintenance. Three units are lead compliant w/certificates of deleading in hand. Location is on public transit and within a short distance of all area amenities. This is a solid property with a strong rental history and rents. Two long-term tenants of approx. 10 years.
Sale Statistics
This property sold for 3.0% above the original asking price, indicating strong buyer demand.
With only 10 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Interior Features
Exterior & Structure
Lot & Land
Parking & Garage
Utilities & Systems
Community & HOA
Financial & Tax Information
Additional Details
Location
Neighborhood
Highlands
103 Powell Street, Lowell MA 01851
Lowell, MA 01851
Walkability
Schools
Monthly Payment Calculator
Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Sep 6, 2024Listed for Sale
Jul 11, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/06/2024 | ✓ Sold | $850,000 | - | - | Property sold |
| 07/11/2024 | 🏠 Listed for Sale | $825,000 | - | - | Original listing |