42 Mammoth Rd, Lowell MA 01854

About this home

LOCATION, LOCATION, LOCATION! Rare 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 the 4 two bedroom units and 4 (used as 3) retail store fronts generating over 120K a year gross with room to increase rents and generate a cap rate of over 7.6%. The building features vinyl siding. Recent upgrades included brand new 2022 roof, back deck security cameras, and more. The interior was gutted in 1992. At the time all plumbing, electrical, insulation and drywall were replaced. All residential units have washer/dryers in unit.