231 School St, Lowell MA 01854
About this home
This two-family property is an excellent investment opportunity located blocks away from the UMass Lowell campus and could be great for student housing in the future. The first-floor unit offers three large bedrooms, an eat-in kitchen, a full bathroom, and hardwood floors throughout. The second-floor unit also includes three large bedrooms, an eat-in kitchen, a full bathroom, w/w carpet, 3rd floor-walk attic space that has potential expandable living space with one finished room. The property's systems have been updated, one heating system is new, both gas units and two electric meters, with tenants covering all utilities except water. W/D hook up in the basement. The current tenants pay $1,500 per month on a month-to-month basis. The property has a 2 garage, 2 car driveway, and two covered porches. Both units have been deleaded with certificates. An open house is scheduled for Saturday from 11:30 AM to 1:30 PM. This is a fantastic investment! Don't miss out!
Sale Statistics
This property sold for 14.2% above the original asking price, indicating strong buyer demand.
With only 7 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
231 School St, Lowell MA 01854
Lowell, MA 01854
Walkability
Schools
School information not available
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Payment Breakdown
Property History
Market Insights
Property Timeline
Sold
Oct 1, 2024Listed for Sale
Aug 20, 2024| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/01/2024 | ✓ Sold | $570,000 | - | - | Property sold |
| 08/20/2024 | 🏠 Listed for Sale | $499,000 | - | - | Original listing |